Market Brief 8 April, 2025
Good evening, investor! The markets are experiencing significant volatility today, driven by President Trump's escalating trade war with China. The S&P 500 Index (GSPC) is down by -2.68% to 4,913.68, while the Nasdaq 100 Index (NDX) is down by -3.19% to 16,883.5. The US Justice Department has disbanded its cryptocurrency enforcement team, signaling a shift towards pro-crypto policies under Trump's influence. Ripple has announced a $1.25 billion acquisition of Hidden Road, a crypto-friendly prime broker, which could enhance XRP's institutional adoption and utility. The first-ever leveraged XRP ETF is set to debut on the NYSE Arca, marking a significant milestone for the cryptocurrency.
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