The cryptocurrency market experienced another pullback last Friday, marking the end of the first quarter of this year. QCP released a report on its official Telegram channel indicating that Bitcoin, Ethereum, and the S&P 500 index all recorded their worst quarterly performance in nearly three years in Q1, and the start of Q2 is also under pressure. Since last Friday, the total market capitalization of the cryptocurrency market has evaporated by over $160 billion, indicating that the situation in Q2 is very severe.

In the U.S. stock market, trading remained relatively light as investors focused on the upcoming announcement of reciprocal tariff policies by Trump. The four major indexes saw slight increases in last night's trading, with the Dow Jones Industrial Average dipping 0.03%, the S&P 500 index rising 0.38%, the Nasdaq increasing 0.87%, and the Philadelphia Semiconductor Index rising 0.28%.

Regarding Bitcoin, the price rapidly dropped to $82,500 around 10:00 PM last night, but then quickly rebounded with the rally in U.S. stocks, reaching $85,555 in the early morning, and is currently attempting to stabilize above the $85,000 level.