Bitget UEX Daily Report | Tariff Risks Reignite, AI Concerns Intensify, Precious Metals Surge
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Bitget UEX Daily Report | Tariff Risks Reignite, AI Concerns Intensify, Precious Metals Surge
Bitcoin tests the critical support level of $65,000 amid rising market panic.
Navigating Web3 tides with focused insightsAuthor: Bitget
I. Top News Highlights
Federal Reserve Updates
Fed Governor Waller Slightly Adjusts Dovish Stance
- Fed Governor Christopher Waller noted clear contradictions in U.S. economic data, slightly revising his previously dovish stance—having opposed rate cuts on multiple prior occasions.
- January’s nonfarm payrolls significantly exceeded expectations; he voted against rate cuts twice over the past six months. If February’s employment data remains strong, it could support a pause in rate cuts. Market impact: Increased uncertainty around the rate-cut path may provide short-term support for the U.S. dollar but heighten equity market volatility; investors should closely monitor upcoming employment data for confirmation.
International Commodities
Precious Metals Prices Surge Past Key Thresholds
- Spot gold breached $5,200 per ounce; spot silver briefly reached $89 per ounce, driving broad strength across the precious metals sector.
- UBS forecasts two Fed rate cuts before late September, combined with geopolitical risks and supply constraints, potentially pushing gold prices to $6,200 by mid-year. Market impact: Converging tariff uncertainty and safe-haven demand have elevated precious metals as core instruments for hedging inflation and policy risk.
Macroeconomic Policy
Trump Escalates Tariff Threats Amid Renewed Trade Tensions
- Trump warned that any country “playing games” in trade negotiations would face higher tariffs and signaled plans to impose national security tariffs on six sectors—including batteries and cast iron—with a new 15% global tariff taking effect today.
- The EU has suspended voting on the U.S.-EU trade agreement; Democrats introduced legislation requiring tariff revenue to be refunded; Trump also signaled easing tensions with Iran, expressing greater preference for negotiation over conflict.
- Additional development: Trump’s “Peace Council” is exploring launching a U.S. dollar-pegged stablecoin for Gaza to rebuild its economy. Market impact: Global trade outlook faces added uncertainty, raising expectations of heightened corporate cost pressures and supply-chain adjustments—short-term headwinds for risk assets.
II. Market Recap
Commodities & FX Performance
- Spot Gold: Down ~0.01%, still holding above $5,200/oz
- Spot Silver: Down ~0.71%, hitting $87.65
- WTI Crude Oil: Down 0.1% to $71.04
- U.S. Dollar Index: Down 0.03% to 97.7
Cryptocurrency Performance
- BTC: Down 3.22%, retracing to test key support at $63,891
- ETH: Down 3.93%, falling alongside broader risk assets to ~$1,837
- Total Crypto Market Cap: Down ~2.4% to $2.31 trillion, dominated by risk-averse sentiment
- Liquidations: $514M in long positions liquidated in 24H; total liquidations exceed $611M
U.S. Equity Index Performance
- Dow Jones: Down 1.66%; weighed down by IBM’s sharp decline, extending downward pressure
- S&P 500: Down 1.04%; broadly impacted by both tariff concerns and AI-related headwinds
- Nasdaq: Down 1.13%; tech stocks were the primary drag
Tech Giants’ Moves
- Apple (AAPL): Up 0.6%; new product launch imminent
- Microsoft (MSFT): Down >3.2%; “AI ghost stories” continue spreading
- Google (GOOG): Down >1.1%; broad tech sector correction
- Amazon (AMZN): Down >2.3%; tariff and competitive pressures
- Meta (META): Down >2%; following sector-wide trend
- NVIDIA (NVDA): Up 0.91%; boosted by stronger-than-expected shipment outlook
- Tesla (TSLA): Down >3%; declining market risk appetite
Core Driver: Renewed tariff risks, coupled with Citrini’s “2028 Intelligence Crisis” report and Anthropic’s COBOL-focused AI tool, triggered panic selling across AI-related stocks.
Sector Rotation Observations
Gold Mining Sector up >6%
- Key names: Kinross Gold (KGC) up >6%; AngloGold Ashanti (AU) up >6%
- Catalyst: Sharp rise in gold prices, drawing concentrated safe-haven inflows
Payments & Fintech Sector down >5%
- Key names: American Express (AXP) down >7%; Visa and Mastercard posted their largest single-day declines recently
- Catalyst: Concerns over large-scale white-collar job displacement driven by AI reports
Weight-Loss Drug Stocks show marked divergence
- Key names: Novo Nordisk (NVO) down 16.43%; Eli Lilly (LLY) up 4.86%
- Catalyst: CagriSema failed to meet its non-inferiority endpoint vs. Lilly’s tirzepatide in clinical trials, underscoring Lilly’s competitive edge
III. In-Depth Stock Analysis
1. IBM Corp – AI Tools Disrupt Core Legacy Business
Event Summary: Anthropic announced its AI coding tool can modernize COBOL applications—a direct threat to IBM’s mainframe business—triggering a >13% plunge in IBM’s stock Monday. Market Interpretation: Analysts widely view this as evidence of AI accelerating legacy system replacement, exposing IBM to transitional pain. Investment Takeaway: Legacy technology firms must expedite AI integration or risk being overtaken by emerging players; monitor IBM’s cloud and AI business progress closely.
2. Hims & Hers Health – Q1 Guidance Misses Expectations
Event Summary: HIMS reported Q4 2025 revenue of $617.8M (+28% YoY); full-year revenue reached $2.3476B (+59% YoY). However, adjusted EPS of $0.08 missed prior-year levels, and Q1 revenue guidance disappointed, sending shares down >8% after hours. Market Interpretation: Analysts point to signs of slowing growth momentum in telehealth. Investment Takeaway: The digital health theme remains intact long term, but near-term guidance risks warrant caution; consider accumulation opportunities during valuation pullbacks.
3. Novo Nordisk – Next-Gen Weight-Loss Drug Fails Clinically
Event Summary: NVO’s next-generation candidate CagriSema failed to meet its primary non-inferiority endpoint versus Eli Lilly’s tirzepatide for weight loss, sending shares plunging 16.43%; Lilly rose nearly 5% on the same day. Market Interpretation: The market further solidifies Lilly’s leadership in obesity therapeutics. Investment Takeaway: Competition in the weight-loss drug space is intensifying; prioritize companies with superior clinical data; NVO must accelerate pipeline development to counter mounting pressure.
4. PayPal Holdings – Acquisition Speculation Supports Valuation
Event Summary: After falling ~46% over the past year, PayPal attracted interest from potential acquirers—including major competitors considering full acquisition—sparking a circuit breaker and closing up >5%; market cap stands at ~$38.4B. Market Interpretation: Institutions see potential M&A as a key catalyst for value re-rating. Investment Takeaway: Payment giants currently trade at depressed valuations, presenting possible short-term buying opportunities; the long-term digital payments trend remains intact.
5. ASML Holding – Major Breakthrough in Extreme Ultraviolet Lithography
Event Summary: ASML’s extreme ultraviolet (EUV) light source power is expected to increase from 600W to 1,000W; EUV wafer throughput could rise from 220 wafers/hour to 330 wafers/hour by 2030. Market Interpretation: Strengthens ASML’s monopoly position in high-end lithography equipment, supporting AI-driven semiconductor capacity expansion. Investment Takeaway: Surging AI compute demand ensures strong long-term growth visibility for semiconductor equipment leaders—ideal for medium-to-long-term allocation.
IV. Cryptocurrency Project Updates
- Ethereum co-founder Vitalik Buterin sold over 8,800 ETH in February.
- Bitcoin saw >$210M in long-position liquidations within 24 hours, highlighting excessive leverage risk.
- Total crypto market liquidations exceeded $500M, dominated by long positions.
- Ethereum price followed risk assets lower, settling near $1,900.
- Bitcoin tested the critical $65,000 support level amid rising market panic.
V. Today’s Market Calendar
Data Release Schedule
| 23:00 | U.S. | Conference Board Consumer Confidence Index | ⭐⭐⭐⭐ |
Key Event Preview
- Trump’s State of the Union Address: All day today — watch for signals on trade policy, Iran developments, and retirement savings initiatives
- New 15% Tariff Takes Effect: Effective today at midnight — implications for global supply chains
- Apple Shareholders Meeting: Today — expectations for new product launches and AI strategy
Bitget Research Viewpoint:
Tariff uncertainty and short-term AI “ghost stories” jointly suppressed risk appetite, triggering broad U.S. equity selloffs Monday—Dow fell 1.66%, leading the decline, while tech and financials bore the brunt. Precious metals emerged as clear winners: gold surged past $5,200 and silver rallied ~6%, reflecting rapid reallocation of safe-haven capital. Crude oil edged lower, the dollar index dipped modestly, and crypto markets corrected in tandem—long-position liquidations surpassed $500M. Leading investment banks maintain that tariffs are largely short-term noise, while AI’s long-term productivity gains remain unchanged; Fed data and Trump’s State of the Union address today will be pivotal catalysts. Investors are advised to maintain disciplined position sizing amid volatility, prioritizing allocations to precious metals and high-quality tech core assets—and opportunistically accumulating long-term, high-conviction opportunities on dips.
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