ChainCatcher news reports that, according to 4E monitoring, expectations of easing trade tensions have boosted market sentiment. On Wednesday, U.S. stocks opened higher, but towards the end of the morning session, the U.S. Treasury Secretary stated that a comprehensive trade agreement between the two major economies might take two to three years, and Trump will not unilaterally lower tariffs. This suppressed the upward momentum of U.S. stocks, which retraced more than half of their gains. By the close, the S&P 500 rose 1.67%, the Dow Jones increased by 1.07%, and the Nasdaq climbed 2.5%. Tech stocks led the gains, with Tesla and Intel both rising over 5%.The cryptocurrency market's upward momentum has slowed. Bitcoin reached a high of $94,696 yesterday before slightly retreating, reporting $93,576 before the deadline, with a daily increase of 0.64% and a market cap of $1.86 trillion, once again ranking as the eighth largest asset globally. Bitcoin spot ETFs have seen net inflows for four consecutive trading days. Most other major tokens rose, with Ethereum striving to hold above $1,800. The TRUMP coin surged over 40% due to news that Top 25 holders could have dinner with Trump.In the foreign exchange and commodities market, the easing of tariffs stimulated a 0.96% rise in the U.S. dollar index; OPEC+ may further increase production, causing oil prices to drop nearly 2%. International gold prices fell sharply, with spot gold in New York down 2.69% at the close.News about tariff policies continues to disrupt global financial markets, with any slight progress triggering significant volatility. Market trends have deviated from fundamental logic, and policy uncertainty has disrupted traditional signals. Although U.S. stocks have risen for two consecutive days, market sentiment has not truly improved.

ChainCatcher news, QCP Capital's latest analysis points out that the brief market rebound following Trump's announcement of a cryptocurrency reserve plan on Truth Social on Sunday quickly faded, with risk assets generally pulling back and erasing most of Sunday’s gains. Trump's renewed push for tariffs on Canada, Mexico, and China intensified the sell-off, reinforcing investors' concerns about escalating trade tensions.The analysis indicates that the unexpected inclusion of XRP, SOL, and ADA tokens in the reserve plan has sparked divisions within the crypto community, with initial optimism about the project's advantages shifting to a more in-depth examination. Current doubts mainly focus on potential contradictions between the plan and DOGE cost-cutting measures, as well as the lack of transparency regarding the sources of reserve funds.QCP Capital states that this market decline may exacerbate the pressure Trump faces, especially after receiving strong support and donations from the crypto community during his campaign. Even the U.S. Securities and Exchange Commission (SEC) suspending and withdrawing enforcement cases against crypto companies has failed to stop the market sell-off, highlighting a broader risk-averse sentiment.The report notes that after a month of low cross-asset volatility, market anxiety has resurfaced due to the prospect of tariff confrontations potentially suppressing global growth. This shift is reflected in the 10-year U.S. Treasury yield dropping 50 basis points over the past two weeks, the VIX surpassing 22, and Bitcoin's short-term volatility sharply rising by 8 points since the weekend, with a significant skew towards bearish options.Previous news, Trump's launch of a cryptocurrency strategic reserve may be aimed at boosting approval ratings, with the market focusing on Friday's White House cryptocurrency summit.