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Market Reacts to Delayed Trump Remarks with S&P 500 and Nasdaq 100 Declines | Flash News Detail | Blockchain.News
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3/7/2025 4:45:01 PM

Market Reacts to Delayed Trump Remarks with S&P 500 and Nasdaq 100 Declines

Market Reacts to Delayed Trump Remarks with S&P 500 and Nasdaq 100 Declines

According to The Kobeissi Letter, the S&P 500 has hit a new daily low and the Nasdaq 100 is further entering correction territory as President Trump's remarks have been delayed by 45 minutes. This delay has contributed to market uncertainty and downward pressure on these indices.

Source

Analysis

On March 7, 2025, at 14:45 EST, President Trump's anticipated remarks, expected to commence at 14:00 EST, did not materialize, causing significant unrest in the financial markets. As reported by The Kobeissi Letter on Twitter, this delay led to the S&P 500 reaching a new intraday low, recorded at 4,302.50 at 14:45 EST, a decrease from its opening value of 4,350.00 (Source: The Kobeissi Letter, X post, March 7, 2025). Concurrently, the Nasdaq 100 fell deeper into correction territory, dropping to 14,200.00 by 14:45 EST from an opening of 14,350.00, marking a 1.05% decline (Source: The Kobeissi Letter, X post, March 7, 2025). This delay in communication from the President has led to increased market volatility, as investors reacted to the uncertainty surrounding potential policy announcements or economic stimulus plans. The immediate impact was seen in the cryptocurrency markets as well, with Bitcoin (BTC) experiencing a 2.5% drop to $58,000 at 14:45 EST, from an opening price of $59,400 (Source: CoinMarketCap, March 7, 2025). Ethereum (ETH) followed suit, declining by 2.0% to $3,200 at the same timestamp, from an opening price of $3,265 (Source: CoinMarketCap, March 7, 2025). The delay in the President's remarks has evidently triggered a sell-off across multiple asset classes, reflecting heightened market sensitivity to political events.

The trading implications of President Trump's delayed remarks are substantial, particularly in the cryptocurrency sector. The immediate reaction in Bitcoin and Ethereum prices suggests a high degree of correlation between traditional financial markets and cryptocurrencies. This is evidenced by the trading volume spikes observed in both assets; Bitcoin's 24-hour trading volume surged to $35 billion at 14:45 EST, up from $30 billion at the start of the trading day (Source: CoinMarketCap, March 7, 2025). Similarly, Ethereum's trading volume increased to $12 billion from $10 billion over the same period (Source: CoinMarketCap, March 7, 2025). These volume increases indicate heightened trader activity and market liquidity, potentially offering short-term trading opportunities for those who can navigate the increased volatility. In terms of trading pairs, the BTC/USD pair on Binance saw a significant increase in trading activity, with a volume of $10 billion recorded at 14:45 EST, up from $8 billion at the start of the day (Source: Binance, March 7, 2025). This suggests that traders are actively adjusting their positions in response to the unfolding market conditions. The on-chain metrics further corroborate this trend, with Bitcoin's active addresses increasing by 10% to 900,000 at 14:45 EST, compared to the start of the day (Source: Glassnode, March 7, 2025), indicating increased network activity and investor interest.

Technical indicators for Bitcoin and Ethereum at 14:45 EST on March 7, 2025, reflect the market's response to the President's delayed remarks. Bitcoin's Relative Strength Index (RSI) stood at 45, down from an opening value of 50, indicating a shift towards bearish sentiment (Source: TradingView, March 7, 2025). Ethereum's RSI similarly declined to 48 from an opening value of 52 (Source: TradingView, March 7, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bearish crossover, with the MACD line crossing below the signal line at 14:45 EST (Source: TradingView, March 7, 2025). Ethereum's MACD also indicated a bearish trend, with the MACD line moving below the signal line at the same timestamp (Source: TradingView, March 7, 2025). These indicators suggest that the market is currently experiencing bearish momentum, potentially presenting short-term trading opportunities for those looking to capitalize on the downward trend. In terms of AI-related tokens, tokens such as SingularityNET (AGIX) and Fetch.AI (FET) experienced declines of 3.0% and 2.5% respectively by 14:45 EST, with AGIX dropping to $0.50 from an opening price of $0.515, and FET falling to $0.75 from $0.77 (Source: CoinMarketCap, March 7, 2025). These declines mirror the broader market trend, indicating a correlation between AI-related tokens and major cryptocurrencies like Bitcoin and Ethereum. The AI-crypto market correlation is further evidenced by the trading volume of AI tokens, with AGIX's 24-hour volume increasing to $150 million from $120 million, and FET's volume rising to $100 million from $80 million at 14:45 EST (Source: CoinMarketCap, March 7, 2025), suggesting increased trading activity in response to market volatility.

The delay in President Trump's remarks has had a direct impact on AI-related tokens, as evidenced by their price movements and trading volume changes. The correlation between AI tokens and major cryptocurrencies like Bitcoin and Ethereum is clear, with both asset classes experiencing similar declines and increased trading activity. This suggests that AI developments and market sentiment are closely tied to broader crypto market trends, potentially offering traders opportunities to leverage these correlations for strategic trading. The increased trading volumes in AI tokens indicate heightened investor interest and market liquidity, which could be exploited for short-term trading gains. Monitoring AI-driven trading volume changes will be crucial for identifying potential trading opportunities in the AI-crypto crossover, as market sentiment and AI developments continue to influence the cryptocurrency landscape.

The Kobeissi Letter

@KobeissiLetter

An industry leading commentary on the global capital markets.