Trump declared a 200% tariff on EU alcohol and insisted on not compromising tariffs with Canada, still planning to implement it on April 2, shocking the market. According to data from 4E, US stocks plummeted on Thursday, with the S&P 500 down 1.39%, Dow Jones losing 1.30% (a 4-session consecutive decline), and Nasdaq falling 1.96% due to the sell-off of technology stocks.
The cryptocurrency market, after a brief recovery, was pulled down by the US stock market, with Bitcoin once dropping below $80,000 and only recovering slightly after Wall Street closed. At the time of writing, BTC is trading at $81,571, down 2.6% in 24 hours. Altcoins have declined sharply, the On-Chain market is gloomy, but interest in Futures Contract trading has increased.
In the foreign exchange and commodity markets, the February PPI was lower than expected, pushing the USD index up 0.2%; Russia agreed to a 30-day ceasefire and may resume oil and gas exports, causing US crude oil to fall nearly 1.7%; meanwhile, spot gold rose nearly 1.8%, hitting a near-record high of $3,000 due to a surge in safe-haven demand amid Trump's trade risks.
CPI (Wednesday) and PPI (Thursday) data both showed that inflationary pressure in the US is cooling, but the market still lacks strong momentum for recovery. Trump's unpredictable trade policy continues to weigh on investor sentiment and obscures the Fed's interest rate outlook, although expectations of three rate cuts this year are still maintained.
eeee.com, a financial trading platform that supports cryptocurrencies, stock indices, gold, and foreign exchange, currently offers the Earn stablecoin USDT product with an annual interest rate of 8%, providing investors with an additional option to hedge risks. 4E recommends that you always consider market volatility risks and allocate assets appropriately.
