U.S. stocks rebounded sharply after President Trump planned to take a more targeted approach to tariffs due on April 2, easing concerns that his escalating trade war would stoke inflation and hamper the economy. Bitcoin's recent trend has been consistent with traditional finance, reaching a high of $88,765 yesterday. Ethereum is back above $2,000. Binance has been active recently, with TGE (IDO) and Launchpool being launched one after another, driving up the price of BNB.
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ToggleTariff concerns eased, and the Big Seven surged across the board
Major U.S. stock indexes rebounded after President Donald Trump planned to take a more targeted approach to tariffs due on April 2, easing concerns that his escalating trade war would stoke inflation and hamper the economy. The S&P 500 rose 1.76%. Nasdaq rose 2.27%.
The "Big Seven" stock index posted its biggest gain in two months, with Tesla Inc TSLA.O surging 12% and Nvidia Inc Nvidia.N leading gains among chipmakers. The gain reversed a previous decline after big tech stocks were set to post their worst quarter so far in 2022 amid concerns about lofty valuations.
The tariff war exacerbated inflation, but whether it is a temporary factor remains to be seen
Atlanta Federal Reserve Bank President Raphael Bostic noted on Monday that higher tariffs were hampering progress toward deflation, leading him to believe there might be only one rate cut this year, rather than two.
The Federal Reserve kept interest rates unchanged on March 20, slowing down the reduction of its balance sheet to release liquidity. The interest rate dot plot shows that there is a chance of a 2 basis point rate cut this year, and the general market consensus is also consistent with the Federal Reserve.
Federal Reserve Chairman Jerome Powell acknowledged that President Trump's major policy changes have created a high level of uncertainty, but he reiterated that the central bank is in no rush to adjust borrowing costs. He said officials could wait until the impact of those policies on the economy becomes clearer before taking action. His base case is that any rise in inflation caused by tariffs will be "temporary."
Still, a growing number of central bankers and finance ministers around the world have expressed concern that a global trade war will curb economic growth and stoke inflation — a combination that would make it difficult to craft an effective interest rate response.
BTC reaches a high of 88K, Binance activities continue to support BNB trend
Bitcoin's recent trend is consistent with traditional finance. It continued to rise yesterday, reaching a high of $88,765. Ethereum is back above $2,000.
Binance has been busy recently, with TGE (IDO) and Launchpool being launched one after another, driving up the price of BNB.
Founder He Yi posted a message yesterday calling on the project team to contact Binance. Among Binance’s Launchpool, Holder airdrop, IDO, Alpha2.0, BNB Chain listing subsidies on CEX, community listing voting, and delisting voting, there are many activities that must be suitable for investors to participate in.
Launchpool, Holder airdrop, IDO, Alpha2.0, BNB Chain listing subsidies on CEXs, community listing votes, delisting votes—there's always one that fits you.
Most importantly, if you're a solid project with a strong team, don't forget to cue us.— Yi He (@heyibinance) March 24, 2025
The Particle Network TGE event of Binance Wallet and Pancake Swap will start at 6 pm Taiwan time on March 25th. There is only one hour to participate, so readers who are interested should not miss it.
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