Statistics reveal a sharp increase in tariffs on China to 54%, triggering significant market reactions. Futures linked to the Nasdaq index dropped to their lowest since January 2024. Bitcoin also fell, dipping under $75,000 early Monday. Amid these developments, West Texas Intermediate crude oil prices declined by 16% to $60 over four trading days due to OPEC’s production increase plans. These economic shifts coincide with President Trump’s call for Federal Reserve rate cuts, supported by his observation of no inflation, declining oil, and food prices. Trump’s aggressive tariff policy, expected to persist, aligns with market expectations of five Fed rate cuts this year. Additionally, China raised its tariffs by 34%, escalating trade tensions. Trump has stated he will not negotiate a trade deal with China until the trade deficit issue is resolved.
Budhil Vyas
@BudhilVyas
·
11h BREAKINGGLOBAL MARKETS IN TOTAL PANIC MODE$1 BILLION CRYPTO LIQUIDATIONS
HONG KONG STOCKS -10%
CHINA MARKET -6.2%
JAPAN NIKKEI -8.8%
SOUTH KOREA -5%PRAY FOR CRYPTO… THIS COULD GET
UGLY FAST IF NASDAQ DUMPS -5%I’M READY TO BUY THE BLOOD IF
Caleb Franzen
@CalebFranzen
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Apr 4 Bitcoin’s market cap has already fallen $37Bn in 20 minutes in response to China announcing a retaliatory tariff of 34% on U.S. goods.Expect more pain for equities today.
Bitcoin.com News
@BTCTN
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14m Bitcoin and stocks tanked as U.S.-China tensions hit a boiling point
QCP Capital warns of an approaching “full-scale economic war.”– $800M in BTC and ETH derivatives liquidated in 24 hours
– China’s market sees worst crash since 2008
– Bitcoin volatility spiked to
Satoshi Stream
@SatoshiStream_
·
Apr 5 3. Capital flight from China is bullish for BTCCNY is weakening. Beijing is tightening controls.Hayes warns: past ¥8.0, Chinese investors move into BTC.It’s happened before:
Capital crackdowns → stablecoin & BTC demand spike.
Bitcoin News
@BitcoinNewsCom
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Apr 4 JUST IN: Bitcoin rapidly drops $2,000 after China announces a new 34% tariff on US goods, escalating trade tensions and rattling global markets.
B
@iByteBx
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13h The Chinese stock market plummeted 10% at open. A sign that the US might be in for another red day until negotiations are met?BTC sub 70k?
ETH sub 1.4k?Either way, I’m buying this major dip.
Scared hands are losing hands. Buy the fear.
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