cryptocurrency market

4E: Tariffs and inflation squeeze, risk aversion rises, focus this week on Trump's "reciprocal tariffs" and non-farm data

ChainCatcher news reports that, according to 4E monitoring, the data released last week has heightened market concerns about the U.S. economic outlook. Increasing signs indicate that due to worries about tariffs driving up inflation, U.S. consumer confidence has significantly declined, spending has decreased, and long-term inflation expectations have risen. U.S. stocks fell sharply last week, ending the strong rebound from the previous week. The S&P 500 index fell by 1.53%, the Dow Jones by 0.96%, and the Nasdaq by 2.59%. The Magnificent 7 index of tech giants dropped by 2.95% last week.The cryptocurrency market followed the U.S. stock market's downward trend. Bitcoin started the week by rising close to $89,000, but then fell back under pressure from Trump's tariff news, with Friday's PCE data further exacerbating the decline. As of the deadline, it was reported at $81,884, down 4.46% over the past 7 days. Other major tokens generally fell, with Ethereum dropping below $1,800, nearing new lows. Market sentiment remains gloomy and may continue to be under pressure until Trump's tariff actions become clearer.In the forex market, the U.S. dollar index fluctuated and fell by 0.05% last week; risk assets were suppressed by safe-haven demand, while geopolitical tensions supported some bottoming out. Oil prices rose by about 2% last week, and gold has increased for four consecutive weeks, reaching a new historical high, with spot gold surpassing $3,100.Last week's weak data reignited economic concerns, leading to a comprehensive decline in financial markets. As Trump's "reciprocal tariffs" loom on April 2, market nerves are frayed, and safe-haven sentiment is rising. Additionally, the U.S. non-farm payroll report for March will be released this Friday evening, followed by a speech from Powell. The Federal Reserve held steady in March, and the market is looking forward to Powell's further insights on the U.S. economy, inflation, and the impact of Trump's tariff policies, seeking new clues for the direction of the Fed's monetary policy and more reliable guidance for the market direction in April.

The cryptocurrency market sector generally experienced a pullback, with only the SocialFi and Meme sectors remaining relatively strong

ChainCatcher message indicates that, according to SoSoValue data, after several days of consecutive gains in the encrypted market sector, today sees a general pullback, with only the SocialFi and Meme sectors remaining relatively strong. Among them, SocialFi rose 1.97% in the last 24 hours, Toncoin (TON) increased by 2.66%, and UXLINK rose by 3.82%. The Meme sector has risen for four consecutive days, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) increasing by 1.39%, 2.74%, and 6.55%, respectively.The cryptocurrency sector indices reflecting the historical performance of the sectors show that the ssiSocialFi and ssiMeme indices rose by 2.22% and 1.09%, respectively. Notably, the weekly return rate of the ssiMeme index has reached 14.37%.In other sectors, the DeFi sector fell by 0.50% in the last 24 hours, with Sky (SKY) performing strongly, rising by 10.32% in a single day; the RWA sector decreased by 1.20%, with Plume (PLUME), which had previously seen significant gains, pulling back by 7%, while Maker (MKR) rose against the trend by 10.71%; the CeFi sector declined by 1.39%, with Hyperliquid (HYPE) affected by a mechanism attack, experiencing a 24-hour drop of 7.38%; the Layer1 sector fell by 1.54%, with Sui (SUI) peaking at 8.05% during the day; the Layer2 sector decreased by 1.64%, and the PayFi sector fell by 3.50%.

4E: Trump's tariff news strikes the market again, U.S. stocks and the crypto market decline

ChainCatcher news reports that, according to 4E monitoring, Trump's tariff news has once again hit the market. On Wednesday morning, news broke that Trump would announce tariffs on automobiles, causing U.S. stocks to fall, with the three major indices recording their first decline in four trading days. The Dow fell by 0.31%, the S&P 500 dropped by 1.12%; the Nasdaq plummeted by 2.04%, marking the largest single-day drop since March 11. Tech stocks led the decline, with Tesla and Nvidia both falling over 5%.The cryptocurrency market has seen increased volatility, with Bitcoin dropping below $86,000 due to the drag from U.S. stocks. After the U.S. stock market closed, it quickly rebounded, reporting $87,500 at the time of writing, a slight decrease of 0.2% over 24 hours. Other major tokens mostly experienced slight declines, with Ethereum striving to hold above $2,000. The JELLYJELLY incident that drew attention yesterday once again exposed how easily whales can manipulate the market, revealing that Hyperliquid is not truly decentralized.In the forex and commodities sector, the U.S. dollar index was mostly on the rise on Wednesday. After the White House confirmed it would announce new automobile tariffs, the increase quickly expanded to nearly 0.5% for the day; crude oil inventories fell more than expected, with WTI and Brent crude rising nearly 1.8% and 1.6%, respectively, reaching new highs for the month; gold slightly retreated by 0.1%, marking its third decline in four days.After unexpectedly weak consumer confidence data was released on Tuesday, Trump announced on Wednesday, after the U.S. stock market closed, that a 25% tariff would be imposed on all imported automobiles. Meanwhile, "reciprocal tariffs" will also be clarified in the coming days. Against the backdrop of the Trump administration's impending rollout of tariff policies, two Federal Reserve officials issued warnings about potential shocks, raising market concerns about the economic outlook and increasing risk-averse sentiment.

4E: Weak consumer confidence reignites economic concerns, US stock market gains slow down, cryptocurrency market fluctuates upward

ChainCatcher news reports that, according to 4E monitoring, Trump may ease tariff plans, somewhat alleviating market anxiety over a full-blown trade war, supporting the continued rebound of U.S. stocks. On Tuesday, the three major U.S. stock indices rose slightly, continuing Monday's gains. The S&P 500 rose by 0.16%, the Dow Jones increased by 0.01%, and the Nasdaq gained 0.46%. Most large tech stocks were up, with Tesla rising over 3% for five consecutive days, accumulating a total increase of 28%.The cryptocurrency market is fluctuating upward, with Bitcoin retreating after reaching a high of $88,765 on Monday, and last night it broke through $88,000 again, showing strong upward momentum. As of the time of writing, it has slightly retreated, hovering above $87,000, with a 24-hour increase narrowing to 0.8%. Most sectors in the market are rising, with the Meme sector continuing to perform strongly. Current market sentiment is optimistic; historically, risk assets tend to perform best in the second quarter, especially in April each year.In the forex and commodities sector, the latest economic data showed weakness, causing the dollar index to turn down after reaching a nearly three-week high, ending a four-day winning streak; oil prices fell slightly due to the impact of the Russia-Ukraine agreement; with a poor economic outlook, spot gold rose by 0.31%, reversing a trend of three consecutive days of decline.The U.S. Consumer Confidence Index for March, released last night, fell below expectations, dropping to its lowest level in four years, reflecting consumer concerns about the economic outlook. The disappointing data significantly slowed the upward momentum of U.S. stocks, with the three major indices narrowly maintaining their gains. As the April 2 effective date for reciprocal tariffs approaches, the market is closely watching how related policies will affect economic growth and inflation.

4E: Trump's stance on "reciprocal tariffs" softens, U.S. stocks and cryptocurrency markets rise

ChainCatcher news, Trump plans to take a more targeted approach to the "reciprocal tariffs" set to launch on April 2, alleviating market concerns that the escalation of his trade war could worsen inflation and drag down the economy. Meanwhile, the U.S. services PMI rebounded, driving an overall improvement in PMI. The positive news boosted U.S. stocks across the board, with the S&P 500 rising 1.76%, the Dow up 1.42%, and the Nasdaq climbing 2.27%. Major tech stocks generally strengthened, with Tesla soaring over 11.9%, marking the largest single-day gain since the day after the election.The recent trend in the cryptocurrency market has aligned with U.S. stocks. Strategy boosted market confidence by purchasing 6,911 bitcoins for $584.1 million last week. Bitcoin surged yesterday, reaching as high as $88,765 after the U.S. stock market opened, and has slightly retreated to $87,030 at the time of writing, with a 24-hour increase of 1.7%. Among the top ten mainstream coins, SOL showed even stronger gains, currently reported at $140 with a rise of 5.17%. Most sectors in the market rose, with the Meme sector leading with a 7% increase.In the forex and commodities sector, investor concerns over Trump's tariff plan on April 2 have eased, with the dollar index up 0.25% and U.S. oil rising 1.2%; the strengthening dollar, combined with gold prices at historical highs, led investors to take profits, resulting in a 0.30% drop in spot gold.Trump will soften his aggressive stance on imposing tariffs on trade partners, while other macroeconomic indicators have also pointed in a more favorable direction over the past few days, lifting market optimism. Investors are currently closely monitoring Trump's latest "reciprocal tariffs" plan to assess its potential impact on economic growth and inflation.

4E: The US stock and cryptocurrency markets are recovering, with a focus this week on the US February PCE price index

ChainCatcher news reports that, according to 4E monitoring, last week the Federal Reserve's dovish remarks and Trump's statements about flexibility in the reciprocal tariff plan alternately boosted confidence in the U.S. stock market. After significant fluctuations, the three major indices collectively closed higher for the week: the Dow Jones increased by 1.2%, marking the largest weekly gain in over two months; the S&P 500 rose by 0.51%, ending a four-week losing streak; the Nasdaq slightly increased by 0.17%, halting a previous four-week decline. However, large tech stocks generally closed lower for the week, with Nvidia down 3.26%, Tesla down 0.53%, marking its ninth consecutive week of decline.The cryptocurrency market experienced fluctuations but overall showed a mild upward trend. Bitcoin rebounded after dipping near $81,000 on Tuesday, and on Thursday, driven by the Federal Reserve's dovish remarks, it surged above $87,000, reaching a new high in half a month, before oscillating mainly in the $84,000 range. This morning saw another wave of rapid increases, reporting $85,721 before the deadline, up 3.18% over the past seven days. Other major tokens mostly showed slight increases, with Ethereum striving to stabilize above $2,000, and the meme craze on the BNB chain continuing to attract attention. Signs of market recovery are gradually emerging, and investor sentiment has improved.In the forex and commodities sector, the dollar index rose by 0.34% for the week, marking its first weekly increase this month. The ongoing Russia-Ukraine conflict and the situation in the Middle East continue to escalate, with crude oil rising over 2% for two consecutive weeks. Spot gold increased by 1.31% last week, marking three consecutive weeks of gains.Last week, the Federal Reserve maintained interest rates, in line with market expectations, with guidance for two rate cuts remaining for the year, and Powell's remarks provided some comfort to the market. This week, attention will focus on the PCE price index, the Federal Reserve's preferred inflation indicator, to be released on Friday. Additionally, as the "tariff deadline" on April 2 approaches, uncertainty keeps the market cautious. However, once the tariff outlook becomes clearer, the prolonged market turbulence may subside.
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