ChainCatcher news reports that, according to 4E monitoring, the deadlock in US-EU trade negotiations has led to cautious investor sentiment, causing US stocks to fail to continue their rebound on Tuesday, with all three major indices slightly declining, although volatility has noticeably eased compared to recent times. By the close, the Nasdaq fell 0.05%, the S&P 500 dropped 0.17%, and the Dow Jones decreased by 0.39%. Tech stocks showed mixed performance, with the seven giants index down about 0.4%.Cryptocurrencies weakened across the board, with Bitcoin dropping from $86,496 last night to $83,670 before this report, a nearly 2% decline in 24 hours; Ethereum fell 2.2% below $1,600. The altcoin market generally declined, with the Meme and AI sectors leading the drop.Despite the recent volatility in financial markets, Bitcoin has remained stable above $80,000, demonstrating strong resilience.In the forex commodities sector, the US dollar index's downward trend has slowed, rising 0.59% back above the 100 mark; oil prices remained basically unchanged from the previous day; trade uncertainties have favored safe-haven assets, with London gold surging 1.32% to $3,272, up over 23% year-to-date.The shadow of the trade war continues to loom over the market, with the uncertainty surrounding Trump's tariff policies exacerbating concerns about a global economic slowdown, and the deadlock in US-EU negotiations further increasing market uncertainty. The US stock earnings season has begun, with several large companies set to announce their earnings this week, which may intensify market volatility.

ChainCatcher news, according to The Kobeissi Letter analysis, the United States imports over $60 billion worth of smartphones each year. The exemption policy announced today covers some of the most important imported products, marking another sign of the U.S. making concessions in the trade war. After all, the bond market is forcing Trump to yield.This week, everyone learned about the specific methods of applying pressure on the U.S. in the trade war: selling U.S. Treasury bonds and driving up Treasury yields. The bond market is Trump's top priority, and now everyone knows it.ChainCatcher previously reported that the U.S. has conditional exemptions for "reciprocal tariffs" on products such as smartphones/PCs/servers/semiconductors.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari stated on Friday that recent market trends indicate that investors are moving away from the U.S., the safest investment location, amid the escalation of Trump's trade war.He mentioned that in recent days, as U.S. Treasury yields have risen, the dollar has depreciated against global currencies, which is contrary to what you would typically expect. "Usually, when you see significant tariff increases, I would expect the dollar to appreciate. I think the fact that the dollar is simultaneously declining makes the narrative of a shift in investor preference more credible," Kashkari said.He also stated, "Investors around the world view the U.S. as the best investment location, and if that were true, we would see a trade deficit. Therefore, one way this is manifesting now is through the declining yields of various U.S. assets." "If the trade deficit decreases, investors might say, 'Well, the U.S. is no longer the most attractive investment location in the world,' and then you would see bond yields rise."However, Kashkari pointed out that what he sees is "pressure" in the market operations, rather than severe chaos.

ChainCatcher news, according to Jinshi Data reports, Trump's reciprocal tariffs on dozens of countries officially took effect today, which is expected to deepen the risks of a global trade war, although he is prepared to negotiate with some countries. Trump's punitive tariffs have shaken the global trade order that has lasted for decades, raising concerns about an economic recession and leading to a significant decline in global stock markets.Since Trump announced the tariffs a week ago, the S&P 500 index has lost nearly $6 trillion in value, marking the largest four-day drop for the benchmark index since its inception in the 1950s. The index is now close to a bear market, having fallen 20% from its recent peak. After a brief respite, the sell-off in Asian markets resumed on Wednesday, including the Nikkei index, which fell more than 3% during the day, while the Korean KOSPI index dropped over 1% intraday.

ChainCatcher news, according to Bloomberg, under the backdrop of President Trump's insistence on increasing tariffs, has triggered a new round of digital asset sell-offs, further dimming hopes that a trade war might be avoided.On Wednesday, Ethereum fell more than 6%, hitting its lowest intraday level since March 2023, before recovering somewhat. Bitcoin, as the largest cryptocurrency, also dropped over 3%, but then rebounded.

ChainCatcher news, according to Jinshi reports, an EU spokesperson said on Tuesday that despite the Trump administration's rejection of Brussels' proposal for "zero-for-zero" tariffs on all industrial products, the EU still hopes to avoid a trade war with the United States.White House trade advisor Peter Navarro stated on Monday that if the EU wants to reach an agreement, it needs to lower non-tariff barriers, including those created by value-added tax and food safety regulations. The EU spokesperson said, "The situation has not changed. We want to avoid tariffs... We are waiting for our American counterparts to engage in a meaningful way."

ChainCatcher news, according to Cointelegraph, Bitwise analyst Jeff Park stated that Trump's trade policies could trigger global macroeconomic turmoil and a short-term financial crisis, but this will also accelerate the widespread adoption of Bitcoin as a store of value. Park believes that the uncertainty brought by the trade war will prompt governments to adopt more inflationary fiscal and monetary policies, leading to further depreciation of fiat currencies. As economic growth comes under pressure, global funds may flow into inflation-resistant, non-sovereign assets like Bitcoin for hedging. In the long term, this will become an important driving force for the rise in Bitcoin prices.

ChainCatcher news, according to Axios, California Governor Gavin Newsom stated on Friday that he is negotiating agreements with other countries to ensure that California is exempt from retaliatory tariffs amid Trump's escalating trade war.Seen as a potential candidate for the 2028 U.S. presidential election, Newsom is seeking to shield California from the negative impacts of the trade war."Donald Trump's tariffs do not represent all Americans. I have instructed the California government to seek new opportunities for trade and remind global trading partners that California remains a stable partner," Newsom said in a video released on Friday.He referred to California as "the backbone of the American economy" and emphasized the state's commitment to maintaining "stable trade relations" with the world.Newsom wrote on the X platform (formerly Twitter) that California "is ready to engage in dialogue with global trading partners." He also stated that California is not afraid to leverage its market influence "to counter the largest tax increases our generation faces."

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell faces a tricky task this week, needing to assure investors that the economic fundamentals remain solid while also conveying that policymakers are ready to intervene if necessary during Thursday's interest rate decision. As Powell praises the resilience of the U.S. economy, it coincides with Trump rapidly escalating the trade war, causing unease and leading to a significant decline in U.S. stocks over the past month. With growing concerns about the economic outlook, consumer confidence is declining, and bond yields are also falling. Dominic Konstam, head of U.S. macro strategy at Mizuho Securities, stated, "Powell needs to send some signal that they are paying attention to the stock market. Officials cannot ignore the recent declines."Economists widely expect the Federal Reserve to cut rates twice this year. Some investors warn that if officials continue to signal only two rate cuts by 2025, it becomes even more necessary for the Fed chairman to emphasize that the Fed is willing to adjust borrowing costs if there are issues in the labor market. James Ace, a portfolio manager at Marlborough Investment Management, said, "The Fed may marginally improve or worsen the situation. But clearly, they cannot fully reassure the market, as the blow to market sentiment mainly comes from the White House." Aside from issuing escalating and changing tariff threats to trading partners, the Trump administration has not taken many measures to mitigate the risk of economic recession.

ChainCatcher news, according to Cointelegraph, securities regulators in Alberta and New Brunswick, Canada, have warned that crypto scammers are exploiting trade war panic by using fake news articles and images of government figures to profit.The Alberta Securities Commission stated in a warning on March 7 that a crypto investment scam named "CanCap" has been impersonating news articles from the Canadian Broadcasting Corporation (CBC) and falsely claiming endorsement from then-Prime Minister Justin Trudeau. The regulator said, "The false articles claim that the Prime Minister is responding to U.S. tariffs and supports an investment plan involving digital currency."The New Brunswick Financial and Consumer Services Commission also warned on March 5 that CanCap used fake news articles claiming that New Brunswick Premier Susan Holt supports the platform, including fabricated interview records with Holt and altered photos with CBC.Regulators noted that scammers are increasingly exploiting current events to prey on the fears of potential victims and are using artificial intelligence to forge endorsements and generate content to make the scams appear legitimate.They added that scammers can quickly change the names and appearances of their schemes, having already used names like "CanCentra" and "Immediate Flectinium," linking them to at least six other different domain websites.

ChainCatcher news, according to Jin10, Deutsche Bank's economic team holds the most hawkish view on the Federal Reserve's policy for 2025 on Wall Street, predicting that the Fed will not cut interest rates this year. While this remains the team's official stance, Chief U.S. Economist Matthew Luzzetti acknowledged that the impact of Trump's new tariffs could jeopardize this forecast."You have certainly started to see some negative effects of trade uncertainty in the economic data," Luzzetti said, "If this impact broadens and is reflected in weak labor market data, the Fed may cut rates this year." However, Luzzetti stated that Deutsche Bank wants to see how long the tariffs will last before changing its forecast for the Fed.

ChainCatcher news, according to CoinDesk, the China-U.S. trade war has escalated again. China announced a 15% tariff on U.S. imports of wheat, corn, cotton, and chicken, while imposing an additional 10% tax on sorghum, soybeans, pork, beef, seafood, fruits, and vegetables, expected to take effect from March 10. This move comes after U.S. President Trump announced an increase in tariffs on Chinese imports to 20%. Additionally, Trump confirmed that a 25% tariff will be imposed on goods from Mexico and Canada.This tax increase has triggered risk aversion in the market, affecting both the stock and cryptocurrency markets. As of the time of writing, the price of Bitcoin (BTC) is approximately $84,200, down 2% from the previous day.

ChainCatcher news, Mechanism Capital partner Andrew Kang stated on social media that if China really starts a trade war with the U.S., Ethereum will drop back to the $2200-2400 range.Just now, the Tariff Commission of the State Council of China announced that starting from February 10, 2025, additional tariffs will be imposed on certain imported goods originating from the United States. A 15% tariff will be imposed on coal and liquefied natural gas, while a 10% tariff will be imposed on crude oil, agricultural machinery, large-displacement vehicles, and pickup trucks.

ChainCatcher news, according to an analysis by Santiment, due to a significant drop in global stock markets this week, the cryptocurrency market has also seen a decline. Public opinion seems to attribute the crash to "Trump's trade war." Whether this is the main reason or if there are other factors, the reaction from traders in the cryptocurrency community has been very negative.Currently, BTC has rebounded to the $96,000 range, and it may not be over yet. However, is this surge intended to prompt "aggressive" retail traders to sell when the local bottom is reached? Historically, the market almost always moves in the opposite direction of public expectations, and there may be buying opportunities when most traders are skeptical about cryptocurrencies.

ChainCatcher news, according to Marketwatch, after Trump announced tariffs on Canada, Mexico, and China, cryptocurrencies plummeted. Bitcoin fell below the critical $100,000 mark, hitting a three-week low of around $91,251.11 on Monday. Ethereum dropped about 25% at one point, reaching its lowest level since early September last year.The specter of a global trade war has made investors anxious, leading them to flee risk assets. While many view Bitcoin as a long-term hedge against inflation and uncertainty, in the short term, it behaves more like a risk asset that may react negatively to any uncertainty surrounding the trade war.On the other hand, analysts pointed out that the explosive success of China's low-cost AI model DeepSeek has also impacted cryptocurrencies, as it has broken the long-standing path dependence of "stacking computing power" in the global AI industry and shocked the U.S. AI sector, prompting investors to sell stocks of U.S. AI giants and cryptocurrency positions. Investors see $90,000 as a key support level for Bitcoin, with some warning that if Bitcoin falls significantly below this support level, it could further retrace to $80,000.