QCP Capital: The market is currently focusing on the upcoming non-farm payroll report
ChainCatcher news, QCP Capital stated in an official channel that Trump announced on Wednesday a 10% tariff on all imported goods and launched a "reciprocal tariff" policy targeting countries with significant trade deficits with the U.S., reigniting global trade tensions.
As a result:
BTC fell from an intraday high of $88,500 to $81,200, a decline of over 8%
The cryptocurrency market saw massive liquidations, with long positions liquidated exceeding $221 million
U.S. stock futures plummeted, with Nasdaq futures down 4.28% and S&P 500 futures down 3.38%
Consumer stocks with high supply chain exposure were hit hard, with American Eagle plunging 17.47%
The market is currently focusing on the upcoming non-farm payroll report. Amid expectations of an economic slowdown, the market anticipates that the Federal Reserve will implement four rate cuts in 2025, with cuts of 25 basis points each in June, July, September, and December.
In the options market, short-term volatility remains high, and demand for downside protection has increased, reflecting cautious market sentiment. However, analysts believe that a rebound may occur in the short term as risk assets are generally oversold.
