Arthur Hayes thinks we might be on the edge of another Black Monday. Just before the markets opened in Asia, he asked, “Fam, are we repeating Black Monday?” Arthur pointed at SPX futures, which start trading at 6 a.m. GMT+8, and called out Bitcoin’s silence over the weekend. It didn’t give traders anything. No clear signal. That alone made his warning land harder. Markets were already on edge. Stocks had been hammered for two straight days after President Donald Trump announced new tariffs. Arthur wasn’t the only one flashing red. As Cryptopolitan reported yesterday, Jimmy Cramer said next week’s earnings could finally show how deep this goes. But he didn’t blame companies. He blamed Trump. “The direction of the market depends on what Trump does next,” he said on Friday night. Trump’s tariffs doom Wall Street Cramer dragged the conversation back to the 1987 crash. He said, “If President Trump stays intransigent and does nothing to ameliorate the damage that I saw these last few days, I’m not going to be constructive here.” No hedging. He predicted a Black Monday too. On Sunday, Kevin Hassett, head of Trump’s National Economic Council, tried to clean things up. He told ABC’s “This Week” that the president isn’t trying to blow up the market. “It is not a strategy for the markets to crash,” he said. “He’s not trying to tank the market. He’s trying to deliver for American workers.” But the damage was already hitting hard. On Thursday, the S&P 500 tanked 4.8%. By Friday, it dumped another 6%. The Dow Jones crashed 2,231 points on Friday alone. That’s a 5.5% drop, the worst single-day hit since June 2020. The Nasdaq got hit the hardest, falling 12% in just two days. It’s now officially in bear market territory. Meanwhile, Bitcoin has dipped under $80,000. Four hours before U.S. stock futures opened, the charts looked even worse. Ethereum crashed over 5%, dipping below $1,700 for the first time since August 2023. Risky assets are being gutted. Liquidations are happening fast. On April 4, two days after the tariffs hit, Trump shared a TikTok video on Truth Social. That video accused him of crashing the market on purpose. It said, “Trump is crashing the stock market by 20% this month, but he’s doing it on purpose. … And it could make you rich.” That same video laid out a theory. It claimed this was some 4D chess strategy. Push cash into treasuries, force the Fed to slash rates in May, weaken the dollar, lower mortgage rates. “It’s a wild chess move, but it’s working,” the video said. Nobody from the White House denied the video’s claims directly. But Hassett repeated that it’s not Trump’s goal to wreck the market. That didn’t slow down the rumors. Wall Street traders were freaking out. Some rang up Treasury Secretary Bessent all weekend, asking if Trump might back off. According to Bloomberg, Bessent said the president is not backing down. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More