Affected by tariff policies, global stock markets have experienced the most severe decline since 2020, with the 'domino effect' in global financial markets visibly erupting. The cryptocurrency market has also not been spared; last night a 'yep' triggered a huge shock in global stock markets and a rapid rise in BTC, it was truly ridiculous and thrilling! The US stock market closed on Monday, with the stock indices experiencing significant fluctuations under the trade storm. The Dow initially closed down 0.9%, the S&P 500 index fell 0.2%, and the Nasdaq rose 0.1%. The daily volatility of the three major indices was 6.77%, 8.11%, and 9.68% respectively. Nvidia (NVDA.O) rose 3.5%, Apple (AAPL.O) fell 3.6%, and Tesla (TSLA.O) dropped 2%. The Nasdaq China Golden Dragon Index fell 5.1%, and Alibaba (BABA.N) dropped 9%. The probability of the Federal Reserve maintaining interest rates in May is 43%, and the probability of a 25 basis point rate cut is 57%. The probability of the Federal Reserve maintaining interest rates until June is 20.4%, the cumulative probability of a 25 basis point rate cut is 49.7%, and the cumulative probability of a 50 basis point rate cut is 29.9%.