On April 2nd, news came that as Trump's "equal tariffs" approach loomed, the market's sentiment went through repeated tests, ultimately betting that clear trade policies would help stabilize the market. The three major U.S. stock indexes experienced intense volatility during the session, with mixed closing results: the Dow fell slightly by 0.03%, the S&P 500 rose by 0.38%, and the Nasdaq increased by 0.87%. Large-cap tech stocks strengthened across the board, with Tesla's stock price rising by over 3%.
Cryptocurrency markets also rose in sync, with Bitcoin initially approaching $82,000 driven by the early decline in tech stocks, then following the rebound in U.S. stocks, reaching a high of $85,579, currently challenging whether it can hold above the $85,000 mark, with a 2.36% increase in the past 24 hours. Other mainstream tokens generally rose, with Ethereum making a strong push towards the $2,000 mark. Last night, several meme tokens on the BNB chain collapsed in a chain reaction, severely shaking market confidence in meme coins.
As the deadline for "equal tariffs" approaches, the apparent halt in the decline seems to indicate that the market believes Trump will not persist with any tariff policy that would seriously drag down economic growth, and expects clear trade policies to help stabilize the market. Global attention is now focused on tonight's tariff announcement, watching to see if it clarifies policy direction to eliminate uncertainty, and whether the extent of tariff increases will further worsen economic prospects.
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