CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
CoinDesk 2025-04-10 16:14:55

Bitcoin Tumbles Below $80K Alongside 5% Plunge in Nasdaq as China Tariff Tiff Escalates

After U.S. markets enjoyed a brief gasp of relief on Wednesday, charts got ugly again on Thursday as focus shifted to a potential bigger conflict between the U.S. and China. Bitcoin (BTC), which rose more than 8% the day prior, dipped about 4% below $80,000 again on Thursday. The decline in bitcoin came alongside a renewed plunge in the Nasdaq, which was lower by 5.5% following yesterday's 12% rally as traders are assessing U.S. President Donald Trump’s next steps in his tariff policy. Crypto stocks also took a hit. MicroStrategy (MSTR) was down 11.2%, and Coinbase (COIN) and Marathon Digital (MARA) fell 8.1% and 9.3%, respectively. Already sharply lower on the session, the stock sell-off escalated after a tweet circulated saying that a White House official confirmed that the total tariff rate on China now stands at 145%, not 125% as President Trump stated yesterday. The Executive Order details that the “reciprocal” tariff rate surged from 84% to 125% overnight. When combined with the existing 20% tariff on fentanyl-related goods, the total rate reaches 145%. China, in a bid to strike at Trump’s initial tariffs, said it would reduce imports of American movies, intensifying the trade war between the two countries. Meanwhile, gold is soaring up 3% and hitting a new all-time high of $3,168. The DXY index, which measures the U.S. dollar against a basket of foreign currencies, has dropped below 101, effectively reversing its entire November rally, and now down 9% from the January highs. Politically charged environment "The macro outlook is anything but secure," said Kirill Kretov, senior expert at crypto trading automation platform CoinPanel. "This is a politically charged environment, where headlines have the power to reshape sentiment almost instantly." "A key swing factor now is trade policy," Kretov added, with the Trump administration's ever-changing tariff policies adding to concerns about inflation. "Any escalation on this front would complicate the Fed’s decision-making and potentially derail the current market narrative," he said.

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta