According to ChainCatcher and 4E monitoring, Trump's policies continue to dominate market narratives, with tariff uncertainty continuing to pressure US stocks. The three major indices fell for the third consecutive week, with the Dow Jones dropping 2.66%, the S&P 500 declining 1.5%, and the Nasdaq falling 2.62%, with tech stocks leading the decline.
The crypto market demonstrated resilience and relative independence. Bitcoin remained stable around $84,000 last week. On Monday's Asian morning session, driven by a significant drop in the dollar index and a 2% surge in gold futures, Bitcoin quickly rose above $87,000, trading at $87,415, up 2.5% in 24 hours. Altcoins saw a comprehensive rebound, with the AI sector leading at a 7% gain, while other sectors rose 1-2%, and market sentiment turned optimistic.
In the forex and commodities market, the dollar index fell below 99 on Monday's Asian session, reaching its lowest level since April 2022, down 0.24% intraday. Weekend US-Iran negotiations showed progress, easing supply concerns and causing crude oil to drop over 1%. Trump posted reflections on negotiations, stating "The golden rule of negotiation: Those who have the gold make the rules," while spot gold surged 1.61% to a new historic high of $3,380.
Tariff uncertainty continues to overshadow the market, with investors focusing on upcoming US negotiations with multiple countries to understand the scale and scope of tariffs. This week, the US and EU will simultaneously release April manufacturing and services PMI preliminary values, which will reflect the first wave of Trump's tariff impact. Additionally, the market is watching upcoming earnings reports from tech giants like Google and Tesla, with investors seeking market anchors from corporate earnings guidance.
