On the eve of the tariff announcement, US stocks and the cryptocurrency market rebound as the market waits for policy clarity.
As Trump's 'reciprocal tariffs' approach, market sentiment has undergone repeated tests, ultimately betting that clear trade policies will help stabilize the market.
The three major US stock indices experienced sharp fluctuations during the day, closing mixed: the Dow Jones fell slightly by 0.03%, the S&P 500 rose by 0.38%, and the Nasdaq increased by 0.87%. Large technology stocks strengthened across the board, with Tesla's gains exceeding 3%.
The cryptocurrency market rose in tandem, with Bitcoin briefly approaching $82,000 driven by the early opening of technology stocks, and then following the rebound of US stocks, reaching a peak of $85,579. It is currently challenging whether it can hold above the $85,000 mark, having risen 2.36% in the last 24 hours. Other mainstream tokens generally rose, while several meme tokens on the BNB chain underwent a chain collapse last night, severely denting market confidence in meme coins.
The US stock market seems to have stopped falling on the eve of the 'reciprocal tariffs' deadline, indicating that the market believes Trump will not insist on any tariff policy that would severely drag down economic growth, and looks forward to clear trade policies that will help stabilize the market.
The global focus is now on tonight's tariff announcement, paying attention to whether it can clarify policy direction to eliminate uncertainty, and whether the increase in tariffs will further worsen the economic outlook.
