Data shows that U.S. consumer confidence has significantly declined, with long-term inflation expectations rising. The three major U.S. stock indices plummeted across the board, with Bitcoin dropping to $83,585 and Ethereum falling to $1,854. Within 24 hours, $450 million was liquidated across the network.

Inflation Expectations Rise, Consumer Confidence Drops, U.S. Capital Outflow Underperforms This Quarter

With only one trading day left in the quarter, the S&P 500 index has dropped nearly 2%, expected to record its worst performance since 2022. Data shows U.S. consumer confidence has significantly declined, with long-term inflation expectations rising. Investors are worried that inflation will remain high despite an obvious economic slowdown.

The inflation indicator closely watched by the Federal Reserve was released on Friday, with the U.S. February core PCE price index rising 2.8% year-on-year, higher than the expected 2.7%. The University of Michigan Consumer Confidence Index final value for March was 57.0, lower than the expected 57.9 and far below last month's 64.7, indicating widespread pessimism about the future economy.

CNN's Fear and Greed Index has dropped from 28 to 21, far below November's 66. Wall Street's VIX Panic Index has also exceeded 21.

As Trump's tariff policies continue to expand, consumers are increasingly concerned that increased tariffs will drive up prices. Long-term cost increases may force households to cut discretionary spending, which will impact the overall economy and U.S. businesses.

Bank of America cited EPFR Global data showing the largest weekly outflow from U.S. stock funds this year, while funds continue to flow into European stock markets.

Top 10 Cryptocurrencies Decline Except TRX

Among the top 10 cryptocurrencies by market cap, all declined except TRX. Bitcoin dropped to $83,585, and Ethereum fell to $1,854. Within 24 hours, $450 million was liquidated across the network, primarily in ETH.

Tron (TRX) founder Justin Sun appeared on the Forbes cover with the headline "Meet the Crypto Billionaire Who Just Helped the Trumps Net $400 Million" - will this help TRX's trend?

Next Wednesday (4/2) will mark the day of comprehensive tariff implementation announced by Trump. The market sentiment is expected to remain tense, and investors are advised to manage risks carefully.