Financial Market Update on April 8, 2025

The S&P 500 index is currently trading at $504.38, down $0.40, equivalent to 0.079% from the previous session. During the day, the index reached a high of $522.81 and a low of $481.89.

Overall, global stock markets are under significant pressure due to rising trade tensions. U.S. President Donald Trump has threatened to impose an additional 50% tariff on Chinese goods if Beijing does not retract the 34% tariff they have imposed. This has caused a sharp decline in global stock markets.

Cryptocurrency:

The current price of Bitcoin is $79,238, up $1,262, equivalent to 1.618% from the previous session. During the day, Bitcoin reached a high of $80,936 and a low of $74,561.

Meanwhile, the current price of Ethereum is $1,553.03, down $11.97, equivalent to 0.765% from the previous session. During the day, Ethereum reached a high of $1,609.87 and a low of $1,431.43.

Overall, the cryptocurrency market is experiencing high volatility. Bitcoin has dropped to its lowest level since November, trading around $76,500, affecting cryptocurrency-related stocks such as MicroStrategy and Coinbase.

Oil Market

WTI crude oil prices have dropped below $60/barrel for the first time since 2021, trading at $58.95 before stabilizing at $60.63. Brent crude also fell to $62.51 before recovering to $64.40.

Gold Market:

Spot gold prices fell 2.4% to $2,963.19/ounce. Gold futures contracts in the U.S. decreased by 2% to $2,973.60.

Gold prices fell as investors shifted to the U.S. dollar as a safe haven amid escalating trade tensions.