In another volatile trading day, the S&P 500 index recovered from a 1% drop triggered by weak manufacturing and employment data. Trump will announce the latest tariff details at 4 AM on Thursday, and according to the White House spokesperson, these tariffs will take effect immediately. Bitcoin returned to above 85K alongside US stocks yesterday, and the stablecoin leader Tether confirmed purchasing 8,888 Bit in the first quarter.

Tariffs Will Take Effect Immediately! Trump to Announce at 4 AM on Thursday

For investors, this is a dizzying period where they need to prepare for Trump's tariffs. As the deadline approaches, it remains unclear to what extent he will overturn the current rules-based global trade system. This uncertainty has shaken the markets, prompting economists to downgrade economic growth forecasts and forcing central banks to consider the potential inflationary impact of import costs.

White House spokesperson Karoline Leavitt stated on Tuesday that US President Trump will impose new tariffs on a wide range of trading partners on April 2, and these measures will take effect immediately.

Trump is considering a series of measures, including potentially imposing 20% tariffs on almost all trading partners, progressive tariffs, or customized tariff measures for different countries. Trump is expected to announce the details of the new tariffs at 4 AM Taiwan time on Thursday.

Tether Purchased 8,888 Bitcoins in Q1

Following its reserve strategy, Tether acquired 8,888 Bitcoins (worth approximately $735 million) in the first quarter of 2025, bringing its total holdings to 92,646 Bitcoins, valued at around $7.8 billion, making it the sixth-largest single wallet Bitcoin holder.

Tether began acquiring Bitcoin in September 2022 and officially announced in May 2023 that it would use 15% of its realized net operating profit each quarter to purchase Bitcoin, further strengthening and diversifying its reserves.

At current prices, Tether's unrealized gains on its Bitcoin holdings are approximately $3.86 billion.

Tether remains one of the most profitable companies in the cryptocurrency sector. Its net profit for the entire year of 2024 was $13 billion, with $7 billion coming from US Treasury yields, $5 billion from unrealized gains on gold and Bitcoin holdings, and another $1 billion contributed by the group's other traditional investments.

Tether bought 8,888 bitcoin in Q1, bringing its total holdings to $7.8 billion — the sixth largest in a single wallet
https://t.co/ghTAMGrDaF

— Paolo Ardoino 🤖 (@paoloardoino) April 1, 2025