Sadly the celebrated "crypto president" is now leading the sector to a big time drop. Trump's steadfastness that these tariffs are the means to make the US great is a big concern.  He seems not to be listening to the advice of severe economic experts. He has told Americans to be patient because they will go through hard times to enjoy a great America. Trump also said the stock market should "take medicine", which is just annoying.

My position is that the US cannot sustain these tariff wars. Within few weeks there will be negotiations and he would back down on some of them. Immediately there are signs of compromise, the market will gradually recover. For now, I think we are indeed going through a "Trump Dump" because he is the sole cause of this market dump.