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4E: Trump's tariff exemptions fail to halt the decline of US stocks, and the cryptocurrency strategic reserve policy falls short of expectations, leading to a sharp drop in Bitcoin

ChainCatcher news, according to 4E monitoring, U.S. stocks continued to decline sharply on Thursday, with all three major indices falling. Trump's tariff policy made a latest concession, announcing a delay in tariffs on Canada and Mexico until April 2, but failed to alleviate market pessimism. The S&P 500 fell 1.78%, hitting a low since the election; the Dow Jones dropped 0.99%, and the Nasdaq plummeted 2.61%.The cryptocurrency market also showed weakness. The decline in U.S. stocks affected crypto assets, while crypto czar David Sacks stated that Trump has signed an executive order to establish a strategic Bitcoin reserve, but the order only involves hoarding existing confiscated assets rather than direct purchases. "Hoarding old, not buying new" disappointed the market, causing Bitcoin to quickly drop to a low of $84,667, currently hovering around $88,000, down about 4.2% for the day. Altcoins generally followed Bitcoin lower, with Ethereum falling 4.68% to around $2,100.In the forex commodities sector, the U.S. dollar index fell for the fourth consecutive day due to tariff concerns; oil prices remained stable amid fluctuations influenced by U.S. tariffs and OPEC+ production increase plans; gold prices retreated due to profit-taking, with spot gold down 0.1%, ending a three-day streak of gains.The current market is increasingly weary of the uncertainty surrounding U.S. policies, especially feeling fatigued by the frequent statements from executive department members and the repeated adjustments to tariff policies. Investors are focusing on Friday's non-farm payroll report to gauge the Federal Reserve's monetary policy direction, while the crypto market is also looking forward to the White House crypto summit on Friday for the latest guidance for the industry.
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