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China’s 34% tariffs drag U.S. stocks to 11-month lows

Market reacts to rising trade war fears

Crypto market holds firm despite bearish sentiment

Trade Tensions Spike as Stocks Drop

The global financial markets were rattled this week as China announced a steep 34% tariff on U.S. goods, sending shockwaves through Wall Street. U.S. stocks plunged to their lowest point in 11 months, driven by renewed fears of a full-blown trade war between the world’s two largest economies.

Investors are bracing for further volatility as geopolitical friction heats up, especially with the looming possibility of Donald Trump returning to the White House and doubling down on protectionist trade policies.

This aggressive tariff move by China is seen as a direct response to mounting U.S. trade barriers and signals the intensifying economic standoff between the two nations. Sectors like tech, manufacturing, and agriculture took the biggest hits on the stock market.

Crypto Market Defies the Trend

While traditional markets stumbled, the crypto market remained surprisingly stable. Bitcoin and other major cryptocurrencies showed resilience, even as investor sentiment soured across equity markets.

Analysts point to growing distrust in centralized monetary systems and government policy as a reason for crypto’s relative strength. As fiat markets become increasingly reactive to political decisions, crypto assets are once again drawing attention as a hedge against macroeconomic instability.

Many investors are now looking at Bitcoin not just as a speculative asset but as a safe harbor during times of geopolitical and economic stress. The limited supply and decentralized nature of crypto are key reasons why the sector continues to attract capital during times of uncertainty.

JUST IN: China’s 34% tariffs on U.S. goods pushed stocks to 11-month lows, but crypto remains resilient, showing strength despite bearish sentiment around Trump’s trade moves. pic.twitter.com/duH9Z67oGc

— Cointelegraph (@Cointelegraph) April 5, 2025

Trump’s Trade Moves May Boost Crypto

Though the immediate impact of Trump’s trade legacy appears bearish for traditional assets, it could ironically boost the crypto narrative. As global economic imbalances widen and more money printing becomes necessary to counteract tariff fallout, Bitcoin’s appeal as “digital gold” could rise.

Crypto’s current performance suggests that the digital asset market is maturing—and may be entering a phase where it no longer follows the same trajectory as Wall Street.

The post China’s Tariffs Hit Stocks, But Crypto Stays Strong appeared first on Coinomedia.com.

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