US equity markets took a sharp tumble as trade tensions between America and Europe intensified. The S&P 500 dropped 2.06%, the Dow Jones fell 1.76%, and the Nasdaq slid 2.39% - a significant selloff across the board. These moves matter for crypto investors watching macro conditions. When traditional markets get rattled by policy uncertainty, risk appetite tends to contract, and digital assets often feel the spillover. Trump's renewed tariff rhetoric has spooked traders, reminding everyone how geopolitical moves ripple through all markets, not just equities.