The post Bitcoin Holds Steady Amidst Market Turmoil: Trump’s Aggressive Tariff Plan Triggers Crypto and Stock Declines appeared on BitcoinEthereumNews.com.

COINOTAG News reports that escalating concerns regarding Trump’s stringent tariff strategy have significantly rattled investor confidence. This unexpected maneuver has raised alarm bells about the potential onset of a trade war, which could aggravate economic instability. In reaction, major U.S. stock indices suffered considerable declines, with the Nasdaq plummeting 5.97%, alongside the S&P 500 and Dow, both experiencing their steepest single-day falls since mid-2020. Notably, tech giants like Apple saw dramatic losses exceeding 9%, contributing to a staggering $1 trillion decrease in market valuation across the “Magnificent 7.” Subsequently, the crypto market also faced downward pressure, with Bitcoin retracting from a peak of $88,000, settling near $81,000. Despite this decline, the cryptocurrency sector exhibited greater resilience compared to equities, as evidenced by an overall market cap drop of nearly 8%. In light of these developments, global financial markets are exhibiting heightened volatility, particularly within the forex and commodities sectors. The U.S. dollar index has decreased by 1.61%, illustrating the ongoing uncertainty since Trump’s election. Additionally, the outlook for oil prices has deteriorated, with a notable 7% plunge marking the most significant single-day drop since July 2022. In contrast, gold prices remain relatively stable amid these fluctuations. Investors now eagerly await the forthcoming employment data and Chairman Powell’s remarks, which may indicate the Federal Reserve’s rate cut trajectory, currently projected to increase from two to four cuts this year. In response to this turbulent environment, financial platforms like eeee.com are introducing innovative products to help investors navigate volatility. Their latest offering includes a USDT stablecoin wealth management option, presenting an annualized return rate of 8%. This product could serve as a viable hedging strategy for those looking to safeguard their investments amid the prevailing uncertainties of the market. As always, investors are urged to exercise caution and manage their portfolios judiciously.…

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Filed under: News - @ April 4, 2025 4:27 am