【Tariff storm sweeps the global market, cryptocurrency market experiences a "M-shaped" heavy blow!】📉

Last night (March 4), Trump officially announced a 25% tariff on imported goods from Mexico and Canada, and an additional 10% tariff on Chinese goods. This "America First" policy directly triggered panic in the capital markets, with all three major U.S. stock indices plummeting collectively, the Nasdaq index dropping 2.64% in a single day, and Bitcoin showcasing an "M-shaped" roller coaster trend, nearing the $85,000 mark at one point.

Referencing Nvidia's stock price, which fell nearly 9% last night, the current trading price is the same as it was last September before the U.S. election, having lost $3 trillion in market value compared to its peak. The decline last night further reduced its valuation by $265 billion.

Market panic spreads

The tariff policy has intensified concerns about the escalation of the trade war. Canada and Mexico have clearly stated that they will take retaliatory measures, and China has also vowed to respond. Investors are accelerating the sell-off of risk assets, with nearly $1.8 billion flowing out of Bitcoin spot ETFs in a single day, and the fear index VIX soaring 20% to a nearly three-month high.

Future trends remain uncertain

Wall Street has always hoped that Trump's threat of imposing a 25% tariff on goods from Mexico and Canada was just bluster and not truly enforceable. However, Trump has actually escalated the tariff issue.

It seems that it is indeed "success or failure both lie with Trump!"

Although the cryptocurrency spring tweet released the day before yesterday ignited overall investment enthusiasm in the crypto space, the cryptocurrency market cannot remain unaffected under the strong correlation with U.S. stocks.

It is especially reminded that if Bitcoin falls below the key support of $80,000, it could trigger a new wave of liquidation.

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