BlockBeats News, March 25th: Trump plans to take a more targeted approach to the "equal tariffs" set to be implemented on April 2nd, alleviating concerns in the market about the escalation of a trade war potentially worsening inflation and dragging down the economy. Meanwhile, the U.S. services PMI rebounded, driving an overall improvement in PMI. The positive news buoyed U.S. stocks across the board, with the S&P 500 closing up 1.76%, the Dow rising 1.42%, and the Nasdaq climbing 2.27%. Large-cap tech stocks generally strengthened, with Tesla skyrocketing over 11.9%, marking its largest single-day gain since the day after the election.
The recent trend in the crypto market has been aligned with the U.S. stock market. Strategy's purchase of 6911 Bitcoins worth $584.1 million last week boosted market confidence, leading Bitcoin to rise steadily yesterday. Bitcoin surged to $88,765 after the U.S. stock market opened, slightly pulling back to $87,030 at the time of writing, representing a 1.7% increase over 24 hours. Among the top ten mainstream coins, SOL showed an even stronger growth, currently trading at $140 with a 5.17% increase. Various market sectors saw general increases, with the Meme sector leading with a 7% gain.
On the commodity front, investor concerns about Trump's April 2nd tariff plan have eased, leading to a 0.25% rise in the U.S. dollar index and a 1.2% increase in crude oil prices. With the U.S. dollar strengthening and gold prices at a historical high, investors took profits, causing a 0.30% decline in spot gold prices.
Trump is softening his aggressive stance on imposing tariffs on trade partners, and other macroeconomic indicators in the past few days have also pointed towards a more favorable direction, boosting market optimism. Currently, investors are closely monitoring the latest plan for Trump's "equal tariffs" to assess their potential impact on economic growth and inflation. As a financial trading platform supporting assets such as cryptocurrency, stock indices, bulk gold, and forex, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return rate, providing investors with a potential hedging option. 4E reminds you to be cautious of market volatility and to allocate your assets reasonably.
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