Due to concerns about the escalation of the trade war overshadowing better-than-expected U.S. economic growth data, the U.S. stock market declined. Among the top ten cryptocurrencies, prices fluctuated, with Bitcoin remaining stable at 87K. Binance founder CZ recently officially launched the paid communication platform Reachme.io, and with Binance continuously launching new activities, BNB's trend has been boosted.

Trade War Concerns Continue, Overshadowing Better-than-Expected GDP Data

U.S. President Trump will impose a 25% tariff on car imports and promised more severe penalties if the EU and Canada join forces against the United States. Trump's escalating trade actions are likely to deepen tensions with major trading partners before implementing so-called reciprocal tariffs on April 2.

Data shows that the fourth-quarter economic growth rate was faster than previously expected, but this failed to offset market sentiment. The U.S. fourth-quarter GDP annualized quarter-on-quarter final value was 2.4%, expected at 2.3%. Initial U.S. jobless claims last week were 224,000, also better than the expected 225,000.

The market has been recently troubled by uncertain factors such as tariffs, and soft data (such as consumer confidence index) have far more impact on the market than hard data (such as GDP and unemployment rate).

Tonight's PCE Data: Is Inflation Unavoidable?

Investors will turn their attention to Friday's U.S. Personal Consumption Expenditures Price Index (PCE). As price levels continue to concern officials, the Fed's preferred potential inflation indicator is expected to show sticky signs.

Boston Federal Reserve Bank President Susan Collins stated that tariffs will inevitably push up inflation in the short term, and added that maintaining stable interest rates in the long term might be appropriate.

Bitcoin Stable at 87K, Binance Strongly Promotes BNB

The top ten cryptocurrencies showed mixed gains and losses but remained within a narrow range. Bitcoin was at 87K, while Ethereum hovered around 2,000.

Binance founder CZ recently officially launched the paid communication platform Reachme.io, focusing on the "Pay to Reach" model, where users can send private messages to KOLs using BNB for efficient communication. Binance's recent continuous activities have also boosted BNB's trend.

(CZ's New Work Reachme.io Goes Live: One-Click Paid Private Messaging to KOLs, Advocating Efficient Communication)