So, like, the U.S. stock market, right? It totally took a nosedive, dropping about 2% at the start of Wednesday because of some kinda disappointing economic data. It was like, whoa, what’s happening here? This went down on Apr 30, 2025, at around 8:34 p.m.
And then there was some crazy stuff going on in the world of crypto too. It was a bit all over the place on Wednesday, but most of the market was just doing its usual thing of trading in a super tight range. After the U.S. stock market closed, bitcoin (BTC) was like, chillin’ at $94,700, only down 0.4% in the last 24 hours. It had dropped almost 2% at one point when stocks were tanking.
The altcoins didn’t escape the chaos either. They got hit hard during the early decline, but then managed to bounce back a bit. Still, they didn’t do as well as good ol’ bitcoin. The CoinDesk 20 took a 2% hit in the past day, with litecoin (LTC), ripple (XRP), avalanche (AVAX), and chainlink (LINK) all taking a nosedive of around 4%.
Even the crypto equities weren’t having the best day, with bitcoin miner Hut 8 (HUT) being a real underperformer, dropping a whopping 5.7%. Ouch, that’s gotta hurt.
But hey, the U.S. stock market wasn’t down and out for long. It managed to claw back some ground throughout the day, with the S&P 500 actually ending slightly in the green and the Nasdaq only dipping 0.1%. Phew, that was a close one.
Despite all the not-so-great economic news, President Trump wasn’t backing down from his tariff policies. He was all like, “Somebody said all the shelves are gonna be open. Well, maybe the kids will have two dolls instead of 30 dolls, and maybe those two dolls will cost a couple of bucks more than usual. They got ships full of stuff we don’t really need.” Not really sure why this matters, but hey, that’s Trump for ya.
Tom Carreras, the dude who writes about markets, bitcoin mining, and crypto adoption in Latin America, he’s got a bachelor’s degree in English literature from McGill University. You can usually find him in Costa Rica, just chillin’. Oh, and he’s got some BTC above CoinDesk’s disclosure threshold of $1,000. Cool, right?
And that’s the scoop on how crypto and U.S. stocks were getting all crazy on Wednesday. Who knows what tomorrow will bring? It’s like a rollercoaster out there, man. Just gotta hold on tight and enjoy the ride.
