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U.S. President Donald Trump’s trade war has unleashed turmoil across Wall Street, with leading stock indices enduring steep declines unmatched since the dramatic downturn of March 11, 2020, when the pandemic first took hold. In response to the mounting financial distress, Federal Reserve Chair Jerome Powell addressed the situation, outlining the extent of the economic fallout. Shortly after his remarks, Trump declared it an ideal moment for the central bank to cut interest rates. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” the President stated on Truth Social. “Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months.” Trump added: A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS! As of 3 p.m. Eastern Time on Friday, the Nasdaq Composite had declined 5.33%, the NYSE was down nearly 6%, the Dow Jones Industrial Average had dropped more than 2,000 points or 5%, and the S&P 500 had fallen 5.14%. Yields on 10-year Treasury notes slipped five basis points to 3.98%. Meanwhile, gold—a traditional safe haven—faltered, losing 2.9% of its value. Bitcoin ( BTC), in contrast, stood out from the turmoil, climbing 2% during the global financial rout. For now, BTC appears to be acting as a buffer against the broader downturn. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

#Bitcoin holding steady while the S&P 500, Nasdaq, and Dow Jones drop hard

Bitcoin ( BTC ) saw a sharp move downward, falling beneath the $85,000 mark and trading at $82,800 at press time. Despite a modest 1.17% daily gain, BTC still recorded a weekly decline of 0.77%. Long-term holders appeared to be locking in profits as data revealed significant selling activity, with 178,000 BTC offloaded in recent months, even as public companies accumulated around 95,000 BTC. BTC/USD 1-day chart - TradingView Further pressure came from ETF outflows, particularly from U.S.-based Bitcoin exchange-traded funds, reflecting institutional hesitancy. Economic headwinds, including recession fears and tighter monetary policies, have amplified selling behavior and triggered caution among retail and institutional investors alike. Ethereum ( ETH ) wasn’t spared in this downturn. The second-largest cryptocurrency by market cap dropped to $1,831.43, managing only a 0.93% intraday recovery, while still showing a 4.03% weekly loss. Over $500 million in crypto was liquidated in the past 24 hours alone, with Ethereum taking a significant share of that blow. ETH/USD 1-day chart - TradingView Technical analysts identified a rising wedge pattern, typically signaling downward pressure. As ETH approaches critical support levels, traders are closely watching for signs of a potential reversal — though market-wide sentiment remains bearish in the short term. --> Click here to Trade Cryptos with BItget <-- XRP witnessed a moment of strength, surging past the $2 mark briefly before falling back to $2.09. The asset posted a 2.34% daily gain, but suffered a 6.20% weekly decline, largely attributed to the monthly release of 300 million XRP from Ripple’s escrow wallet. This increase in circulating supply likely contributed to short-term price weakness. XRP/USD 1-day chart - TradingView Despite the dip, XRP maintained strong trading volume, clocking in at $4.45 billion, signaling ongoing interest from traders. The community continues to monitor developments from Ripple Labs, especially legal and regulatory updates, which often play a pivotal role in XRP’s price direction. Broader economic signals are exacerbating volatility in the crypto sector . Major U.S. stock indices suffered notable losses: Nasdaq dropped by 4.7%, while both the S&P 500 and Dow Jones slipped over 3%. Recent tariff announcements from President Donald Trump targeting imports from China and Europe have added fuel to the fire. Additionally, recession concerns are on the rise, with Polymarket data suggesting a 51% probability of a U.S. recession in 2025. This sentiment is driving speculation that the Federal Reserve may consider early interest rate cuts — a factor that could eventually benefit risk assets like cryptocurrencies, depending on timing and market reaction. Investors are now eyeing $80,000 as a key support level for Bitcoin, a breach of which could trigger more selling. However, analysts caution against counting out a potential rebound, especially if macro conditions shift in favor of risk-on assets. Bitcoin ( BTC ) saw a sharp move downward, falling beneath the $85,000 mark and trading at $82,800 at press time. Despite a modest 1.17% daily gain, BTC still recorded a weekly decline of 0.77%. Long-term holders appeared to be locking in profits as data revealed significant selling activity, with 178,000 BTC offloaded in recent months, even as public companies accumulated around 95,000 BTC. BTC/USD 1-day chart - TradingView Further pressure came from ETF outflows, particularly from U.S.-based Bitcoin exchange-traded funds, reflecting institutional hesitancy. Economic headwinds, including recession fears and tighter monetary policies, have amplified selling behavior and triggered caution among retail and institutional investors alike. Ethereum ( ETH ) wasn’t spared in this downturn. The second-largest cryptocurrency by market cap dropped to $1,831.43, managing only a 0.93% intraday recovery, while still showing a 4.03% weekly loss. Over $500 million in crypto was liquidated in the past 24 hours alone, with Ethereum taking a significant share of that blow. ETH/USD 1-day chart - TradingView Technical analysts identified a rising wedge pattern, typically signaling downward pressure. As ETH approaches critical support levels, traders are closely watching for signs of a potential reversal — though market-wide sentiment remains bearish in the short term. --> Click here to Trade Cryptos with BItget <-- XRP witnessed a moment of strength, surging past the $2 mark briefly before falling back to $2.09. The asset posted a 2.34% daily gain, but suffered a 6.20% weekly decline, largely attributed to the monthly release of 300 million XRP from Ripple’s escrow wallet. This increase in circulating supply likely contributed to short-term price weakness. XRP/USD 1-day chart - TradingView Despite the dip, XRP maintained strong trading volume, clocking in at $4.45 billion, signaling ongoing interest from traders. The community continues to monitor developments from Ripple Labs, especially legal and regulatory updates, which often play a pivotal role in XRP’s price direction. Broader economic signals are exacerbating volatility in the crypto sector . Major U.S. stock indices suffered notable losses: Nasdaq dropped by 4.7%, while both the S&P 500 and Dow Jones slipped over 3%. Recent tariff announcements from President Donald Trump targeting imports from China and Europe have added fuel to the fire. Additionally, recession concerns are on the rise, with Polymarket data suggesting a 51% probability of a U.S. recession in 2025. This sentiment is driving speculation that the Federal Reserve may consider early interest rate cuts — a factor that could eventually benefit risk assets like cryptocurrencies, depending on timing and market reaction. Investors are now eyeing $80,000 as a key support level for Bitcoin, a breach of which could trigger more selling. However, analysts caution against counting out a potential rebound, especially if macro conditions shift in favor of risk-on assets.

Bitcoin fell 5% to $82,200 on Thursday amid a broad market selloff triggered by President Donald Trump’s announcement of new global tariffs, according to CoinGecko data . Trump announced on Wednesday a sweeping set of tariffs in response to what he described as a national emergency caused by large and persistent US trade deficits. The executive order imposes a minimum 10% tariff on all imported goods from every country, set to take effect on April 5. For nations with which the US has significant trade deficits, higher tariffs will apply starting April 9. China will face a 34% tariff, the European Union 20%, Taiwan 32%, South Korea 25%, and Israel 17%. These tariffs are part of the administration’s strategy to promote US economic interests and reduce dependence on foreign goods. Uncertainty regarding US trade tariffs and recession risks has shaken the market, prompting investors to divest from risky investments like crypto and stocks. Apart from Bitcoin, major altcoins also suffered sharp losses, with Ethereum down 6%, XRP falling nearly 8%, Dogecoin and Cardano dropping over 9%, and Solana sliding into double-digit losses. Binance Coin fared slightly better, dipping just 3%. Smaller altcoins took an even harder hit, with Hyperliquid, Pi Network, Ethena, Pepe, Bonk, Celestia, and Official Trump all posting double-digit declines. As a result, the total crypto market cap tumbled 6.5% to $2.7 trillion, as investors grappled with heightened uncertainty. The broader US stock market saw more than $2 trillion in value erased following Thursday’s opening, with technology companies bearing the brunt of the selloff, according to Yahoo Finance data . The S&P 500 fell 4%, the Nasdaq tumbled 5%, and the Dow Jones Industrial Average declined 3%. The tech-heavy Nasdaq Composite has now fallen 13% year-to-date, marking its worst performance since 2022. Apple and Amazon led the tech stock sell-off, with each tumbling nearly 9%. Apple is on track for its worst single-day performance since 2020, weighed down by its Asian manufacturing. Meta and Nvidia fell over 7%, while Tesla slid more than 5%. Microsoft and Alphabet saw mild declines, around 2%. Nvidia, with its Taiwan chip production and Mexico assembly, was especially vulnerable to trade policy news. Semiconductor stocks were also hit by the downturn, as Marvell Technology, Arm Holdings, and Micron Technology each saw losses exceeding 8%. Broadcom and Lam Research fell 6%, and Advanced Micro Devices declined by over 4%. According to Maksym Sakharov, co-founder of WeFi, Trump’s tariffs are more of a negotiation tactic than a long-term policy, suggesting that “their effect on businesses and consumers will remain manageable.” Beyond trade tensions, inflationary pressures pose another risk, potentially disrupting the Fed’s rate-cut outlook, Sakharov added. “Besides that, an impending fiscal debate in Washington over the federal budget is also causing jitters in the market,” said the analyst. “Resolving the debt ceiling remains a pressing issue, as the Treasury currently relies upon “extraordinary measures” to meet US financial obligations. The exact timeline for when these measures will be exhausted is unclear, but analysts anticipate they may run out after the first quarter.” According to BitMEX co-founder Arthur Hayes, Trump’s tariffs will reduce the amount of US dollars held by foreign nations, which, in turn, will decrease their ability and willingness to purchase US Treasury bonds. To counteract the decreased foreign demand and maintain a functioning Treasury market, Hayes predicts the Fed will have to intervene. The analyst suggests that the central bank will be back to printing money, which will be beneficial to Bitcoin’s prices.

The 47th U.S. President, Donald Trump, is set to make a major announcement today, unveiling a wide-reaching tariff initiative labeled “reciprocal,” designed to address what he describes as years of inequitable trade conduct by both friendly nations and rivals alike. At its core, a tariff is a government-imposed tax or duty applied to imported goods—and in rare cases, exports. These charges can take the form of a flat fee or be calculated ad valorem, meaning they’re determined as a percentage of the item’s declared value. Trump asserts that the tariffs will free the U.S. economy from reliance on overseas products, bring manufacturing jobs back home, and shrink the trade gap. Proposed rates span from a flat 20% across all imports to customized percentages based on the exporting country. Prior reports indicate that foreign automobiles and car parts are already set to face a 25% tariff beginning Thursday. According to ABC News, on April 1, White House press secretary Karoline Leavitt addressed reporters, stating: April 2, 2025, will go down as one of the most important days in modern American history. Skepticism surrounding the tariff proposal runs deep among Democrats, economists, and market analysts alike. Investor sentiment has wavered, with Goldman Sachs raising its probability of a recession to 35% in light of possible economic disruptions. Experts caution that the tariffs could drive up consumer costs, unravel supply networks, and invite retaliatory actions from foreign governments—raising the specter of a global trade conflict or a potential recession in the U.S. economy. Although many point out that the cost of imported goods is likely to climb, the Trump administration is urging consumers to pivot toward domestic alternatives. “Liberation Day,” as it’s been named, is still being refined, according to the White House press secretary, who emphasized that Trump is ensuring “this is a perfect deal for the American people and the American worker.” Until now, each instance in which tariffs were proposed or even hinted at by Trump toward foreign nations has sent global markets—including equities and crypto assets—into sharp, unpredictable motion. “The crypto market is jittery in anticipation of ‘Liberation Day’ tariffs today, despite the fact that these tariffs have zero direct impact on crypto or blockchain projects,” Chris Chung the founder and CEO of Solana swap platform Titan, told Bitcoin.com News. “For weeks now, token prices have been driven by a general sense of unease about the macro environment, which just shows that crypto is still overwhelmingly seen by investors as a highly volatile tech stock – and will remain so for the time being.” The Titan executive added: Increasingly, it seems like the POTUS is willing to accept the short-term pain of tariffs for the perceived long-term gain it will bring. This is pushing up inflation expectations, and if inflation does start getting out of hand, all risk assets will suffer. BTC/USD on April 2, 2025, at 10:38 a.m. ET. Hours before Trump’s announcement. On April 2, bitcoin (BTC) climbed from the $84,600 range to $85,800 by 10:30 a.m. ET on Wednesday. The top cryptocurrency has gained 2.66% over the past 24 hours. Meanwhile, the broader crypto market has advanced by 2.11% ahead of Trump’s announcement, bringing its total valuation to $2.75 trillion. Stocks have wobbled, with the Nasdaq, S&P 500, Dow Jones, and NYSE all posting slight declines. Gold has inched up 0.37%, trading at $3,126 per ounce, reflecting a more measured tempo ahead of the “Liberation Day” blueprint reveal. “Nervousness about the incoming wave of U.S. tariffs has kept the FTSE 100 in the red, as investors assess the UK vulnerability and the knock-on effects for the global economy,” Susannah Streeter, head of money and markets at Hargreaves Lansdown told Bitcoin.com News in a market note. “The S&P 500 also opened on the back foot but has clawed back some ground. Concerns continue to swirl about stagflation taking hold in the U.S., given that tariffs are expected to push up consumer prices and act as a drag on growth, and worries ricochet about further turmoil ahead.” Markets appear to be faring better today, largely because investors anticipate clearer direction from Trump’s remarks later this afternoon. However, this recent uptick and relative calm could swiftly unravel once the full details of his plan are made public. The day prior, the White House stated that Trump has “made up his mind” on tariffs, adding his assurance that “Wall Street will be just fine.” Whether that confidence holds remains an open question. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。