The global market is experiencing significant volatility, with market fluctuations based on tariff progress news. Trump indicated that he is not considering suspending plans to impose additional tariffs on dozens of countries, but still hinted at his willingness to negotiate. The S&P 500 index closed slightly down 0.23%, falling over 10% in the past three trading days, the worst performance since the outbreak of COVID-19 in 2020. BTC experienced ups and downs between $74K and $81K yesterday before recovering to around $80,000.
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ToggleWall Street Giants Warn
With market volatility, some Wall Street giants are issuing warnings. Hedge fund manager Bill Ackman stated that if Trump implements a large-scale global tariff policy on April 9th as planned, it could trigger market panic and an "economic nuclear winter", severely damaging the United States' international reputation, investment environment, and people's livelihoods. He urged the president to set a 90-day grace period to negotiate instead of confronting, avoiding a "self-inflicted market collapse".
JPMorgan CEO Dimon warned: "In the long term, this could be disastrous."
Goldman Sachs raised the probability of an economic recession in 2025 to 45% last Sunday, up from 35% a week earlier.
VIX Surges to 60 Then Retreats
The VIX index has retreated after touching 60 earlier on Monday.
During the market crash in August caused by yen carry trade unwinding and economic recession fears, the index once reached a high of nearly 66 points, and during the COVID-19 selloff in 2020, it touched 85 points. In 2008, due to concerns about the financial crisis devastating the stock market, the index soared to near 90.
Market Fluctuates, Network Liquidates Nearly $1 Billion
BTC led the decline in the Asian session yesterday, dropping to a low of $74,508. In the evening, National Economic Council Director Kevin Hassett suggested that Trump intends to extend tariff implementation by 90 days, causing BTC to surge past $81K, but after the White House denied the rumor, Bitcoin fell again, hovering above $79K before this article's deadline.
With the overall crypto market experiencing a sharp correction, ETH performed particularly weakly, falling to $1,411 yesterday, leading in price decline and dropping to a one-year low in market capitalization ratio, raising market concerns about its long-term competitiveness.
Due to market volatility, nearly $1 billion in positions were liquidated within 24 hours, with Bitcoin's $387 million and Ethereum's $263 million accounting for the majority.
Risk Warning
Cryptocurrency investment carries high risk, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
