On April 21, according to 4E monitoring, Trump's policy continues to be at the forefront of market narrative, with tariff uncertainty continuing to pressure US stocks. The three major indices fell for the third consecutive week, with the Dow Jones dropping 2.66%, the S&P 500 declining 1.5%, and the Nasdaq falling 2.62%, with tech stocks leading the decline.
The crypto market demonstrated resilience and performed relatively independently. Bitcoin remained stable in a narrow range at $84,000 last week. On Monday's Asian morning session, driven by a significant drop in the dollar index and a 2% surge in gold futures, Bitcoin quickly rose above $87,000, trading at $87,415 before this article's completion, up 2.5% in 24 hours. Altcoins rebounded comprehensively, with the AI sector leading at a 7% gain, while other sectors rose 1-2%, and market sentiment turned optimistic.
In the forex and commodities market, the dollar index fell below 99 on Monday's Asian session, reaching its lowest point since April 2022, down 0.24% intraday. Weekend US-Iran negotiations made progress, easing supply concerns and causing crude oil to drop over 1%. Trump posted reflections on negotiations, stating "The golden rule of negotiation: Those who have gold make the rules," and spot gold surged 1.61%, setting a new historical high at $3,380.
Tariff uncertainty continues to overshadow the market, with investors focusing on upcoming negotiations between the US and multiple countries to understand the scale and scope of tariffs. This week, the US and Europe will simultaneously release April manufacturing and services PMI preliminary values, which will reflect the first wave of Trump's tariff impact. Additionally, the market is watching upcoming financial reports from tech giants like Google and Tesla, with investors seeking market anchors from corporate earnings guidance.
eeee.com, as a financial trading platform supporting cryptocurrencies, stock indices, gold, forex, and other assets, has recently launched a USDT stablecoin financial product with an 8% annual yield, providing potential hedging options for investors. 4E reminds you to be aware of market volatility risks and allocate assets reasonably.
