because crypto is now inextricably limited with other markets and the richest man on earth getting into a public pissing match with the US president he helped elect is bad for markets
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I think they just playing it out for jerome to lower rates which he's refusing to do otherwise
it didn't work last time with tariffs tho and I don't think it will now
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Real hard to tell what's going on here but I'm leaning towards manipulation
It also happened primarily because of the spending bill that hurts elon's business
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Personally I think it's because tweets and truths have so much effect on global capital markets that investors just pull their money to the sidelines and then try to take advantage when things rebound.
I imagine people have made a lot of money timing the tariff talks (pull out when they're announced, put back in when they inevitably get paused).