Donald Trump Blames Biden Administration for Recent Market Crash

Financial markets are in chaos, with Donald Trump attributing the crash to Kamala Harris and the Biden administration.

Over $2 trillion vanished from traditional markets within the first trading hour, and the crypto sector is experiencing extreme turbulence reminiscent of 2021.

Online brokerages like Charles Schwab, Fidelity, and Vanguard faced technical issues, impacting thousands of users. Bitcoin has dropped over 16%, and Ether has seen its sharpest decline since 2021.

Massive sell-offs have resulted in the liquidation of 305,759 traders, amounting to $1.22 billion, dragging Bitcoin below $50,000.

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On Truth Social, Trump blamed the market collapse on Harris and Biden, claiming their inept leadership caused the crisis. He presented voters with a stark choice: return to “Trump prosperity” or face the “Kamala Crash” and a potential Great Depression in 2024, along with the threat of World War III.

As tensions rise in the Middle East, fears of a larger conflict are spreading on social media, with frequent advisories contributing to global market instability. Traders are grappling with an atmosphere of escalating uncertainty and rumors of war.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.