ChainCatcher news, according to 4E monitoring, expectations for easing trade tensions boosted market sentiment. On Wednesday, U.S. stocks opened higher, but towards the end of the morning session, the Treasury Secretary stated that a comprehensive trade agreement between the two major economies may take two to three years, and Trump will not unilaterally lower tariffs, which suppressed the upward momentum of U.S. stocks, leading to a reversal of more than half of the gains. By the close, the S&P 500 rose by 1.67%, the Dow Jones increased by 1.07%, and the Nasdaq climbed by 2.5%. Tech stocks led the gains, with Tesla and Intel rising over 5%.
The cryptocurrency market's upward momentum is slowing. Bitcoin peaked at $94,696 yesterday before slightly retreating, reporting $93,576 before the deadline, with a daily increase of 0.64%, and a market cap of $1.86 trillion, reclaiming its position as the eighth-largest asset by market cap globally. Bitcoin spot ETF has seen net inflows for four consecutive trading days. Most other major tokens are up, with Ethereum striving to maintain above $1,800. The TRUMP coin surged over 40% stimulated by news that top 25 holders can dine with Trump.
In the forex major commodity market, the easing of tariffs stimulated a 0.96% surge in the dollar index; OPEC+ may further increase production, causing oil prices to drop nearly 2%. International gold prices fell significantly, with spot gold in New York dropping by 2.69% at the end of the session.
News about tariff policies continues to disrupt global financial markets, with any slight progress triggering severe volatility. Market trends have departed from fundamental logic, as policy uncertainty disrupts traditional signals. Despite U.S. stocks rising for two consecutive days, market sentiment has not truly improved.
