4E: Trump Tariff News Again Hits the Market, US Stocks and Crypto Market Decline

Blockbeats
03-27

BlockBeats News, March 27th. According to 4E monitoring, the market was once again hit by the news of Trump's tariffs. In early Wednesday trading, news of Trump's announcement of car tariffs caused a fall in the US stock market, with the three major indices seeing their first decline in nearly four trading days. The Dow fell by 0.31%, the S&P 500 dropped by 1.12%; and the Nasdaq plummeted by 2.04%, marking its largest single-day drop since March 11th. Tech stocks led the decline, with Tesla and Nvidia both dropping by over 5%. The crypto market saw increased volatility, with Bitcoin dropping below $86,000 due to the drag from the US stock market. After the US stock market closed, there was a swift rebound, and at the time of reporting, Bitcoin was at $87,500, with a slight 0.2% dip in the past 24 hours. Other major altcoins mostly experienced slight declines, with Ethereum striving to stay above $2,000. The JELLYJELLY incident that attracted attention yesterday once again exposed how whales can easily manipulate the market, revealing that Hyperliquid's decentralization is in name only. In the forex and commodities sector, the US Dollar Index was mostly on an uptrend on Wednesday. After the White House confirmed it would announce new car tariffs, the gain quickly expanded, rising nearly 0.5% intraday. Crude oil inventories fell more than expected, with US oil and Brent oil rising by nearly 1.8% and 1.6% respectively, hitting new highs this month. Gold retreated slightly from its high, dipping 0.1%, marking the third consecutive day of decline in the past four days. Following unexpectedly weak consumer confidence data released on Tuesday, Trump announced after the US stock market close on Wednesday that a 25% tariff would be imposed on all imported cars. At the same time, "reciprocal tariffs" will also be clarified in the coming days. Against the backdrop of the Trump administration's imminent introduction of intensive tariff policies, two Fed officials issued warnings of impact, causing market concerns about the economic outlook and a rise in risk aversion sentiment. As a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return rate, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate your assets reasonably.

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