TechFlow, April 4 — QCP Capital announced in its official channel that Trump's declaration on Wednesday of a 10% tariff on all imported goods, along with "reciprocal tariffs" targeting countries with significant trade deficits against the U.S., has reignited global trade tensions.
As a result:
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BTC dropped from a daily high of $88,500 to $81,200, a decline of over 8%
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The cryptocurrency market saw massive liquidations, with long positions exceeding $221 million being wiped out
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U.S. stock futures plunged sharply, with Nasdaq futures down 4.28% and S&P 500 futures down 3.38%
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Consumer stocks with high supply chain exposure were hit hard, with American Eagle plunging 17.47%
Market attention is now turning to the upcoming non-farm payroll report. Amid expectations of economic slowdown, markets anticipate the Federal Reserve will carry out four rate cuts in 2025, reducing rates by 25 basis points each in June, July, September, and December.
In the options market, short-term volatility remains elevated and demand for downside protection has increased, reflecting cautious market sentiment. However, analysts believe a short-term rebound may occur given widespread overselling across risk assets.
