The day after Trump made comments about softening tariff policies, stating that tariffs on China are too high and expecting a significant reduction in tax rates. Under optimistic expectations for China-U.S. tariff negotiations, global trade tensions eased, risk sentiment improved, and U.S. stocks surged.

The S&P 500 rose 2.5%, the Dow Jones increased by 2.66%, and the Nasdaq climbed 2.71%. Large technology stocks recovered from the previous day's losses, with the Big Seven index rising 2.84%. The cryptocurrency market collectively rose, with Bitcoin continuing its strong performance, surging past the $90,000 mark last night and accelerating after Trump retracted his earlier threat to fire Federal Reserve Chairman Powell, briefly pushing it to nearly $94,000 this morning, marking a new high since early March, while the altcoin market also rallied, and the total cryptocurrency market capitalization rose by 5.4%.

Trump's softening comments on tariffs and his mild stance toward Powell shifted the investment atmosphere from initial worries to optimism. Next, the progress of trade negotiations and the direction of Federal Reserve monetary policy will become the focus of attention. $BTC