Signs indicate that US President Trump is reconsidering his aggressive stance on trade and Federal Reserve issues, which has stimulated consecutive rises in stocks and the US dollar. Bit has made a strong comeback, with a market value of $1.86 trillion, ranking eighth among global assets and listed companies.
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ToggleAttitude Softening Again, Did Trump Back Down?
According to Bloomberg, the US is willing to gradually reduce tariffs on China over five years, with Trump telling reporters that once negotiations end, China "will do very well". Meanwhile, Treasury Secretary Bessent publicly stated on Wednesday that both sides hope to reach a "major agreement".
(US-China Trade Relations Hoping for a "Beautiful Rebalancing"? US Treasury Secretary Signals Reform)
Yesterday, "Trump Backed Down" was a hot topic on Weibo, with netizens focusing on Trump's stance, stock market reaction, and describing him as "changeable" and "different every day".
Trade Concerns Dominate Fed's Beige Book, Multiple Regions' Outlook 'Significantly Deteriorating'
The latest Fed Beige Book indicates that in recent weeks, the uncertainty of President Trump's tariffs on US trading partners has spread nationwide. The report states that with increasing economic uncertainty, especially regarding tariffs, the outlook for multiple regions has "significantly deteriorated".
As businesses expect tariffs to lead to increased input costs, prices have risen in all regions. Many companies report receiving supplier notifications about cost increases, with most businesses planning to pass these price increases on to consumers.
The report notes that multiple regions report businesses adopting a wait-and-see attitude towards employment, pausing or slowing hiring until economic conditions become clearer. Additionally, there are sporadic reports of companies preparing for layoffs.
The next Fed meeting will be held on May 6-7. According to the CME FedWatch index, investors generally believe the Fed will remain unchanged, but there is a chance of a rate cut in June.
Bit Strongly Returns, $TRUMP Coin Rises Over 40%
Bit reached a high of $94,696 yesterday, and although it has slightly pulled back today, its market value is now $1.86 trillion, just behind silver's $1.89 trillion, ranking eighth among global assets and listed companies.
BitMEX founder Arthur Hayes published a long article yesterday (4/23), comparing his skiing experience in Hokkaido to the financial market risks triggered by the Trump administration's aggressive tariff policy. He believes this "Tariff Ski Cut" caused severe bond market volatility, and the emergency response from the US Treasury and Federal Reserve has established a bull market bottom for Bit, predicting BTC will soon break through the $110,000 mark.
TRUMP coin surged over 40% yesterday. The top 220 $TRUMP coin holders have the opportunity to receive an exclusive invitation to have dinner with US President Trump (Donald Trump). The event is described by the organizers as the "most exclusive global invitation", scheduled for May 22nd at the famous Trump National Golf Club in Washington.
(TRUMP Coin Holders Exclusively Invited to Dinner! Top 220 Will Be Invited to Dine with Trump)
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