On March 4th, Trump confirmed on Monday that the US tariffs on Mexico and Canada will take effect on March 4th, emphasizing that there is no room for negotiation and negotiation with the two countries, and market panic has increased. According to 4E monitoring, the three major US stock indexes collectively closed down, the Dow fell 1.48%, the S & P 500 fell 1.76%, the largest decline in the year, and the Nasdaq fell 2.64%, erasing gains since the November election. Technology stocks led the decline, with Nvidia plunging 8.69%, the lowest closing price since September 2024.
The crypto market followed the US stock market fell sharply. On Sunday, Trump issued a document to promote the national cryptocurrency reserve, and the market collectively soared. Bitcoin once touched $95,000, then rose and fell back, and fluctuated and fell under the doubt that Trump's strategic reserve was tilted towards counterfeit products and there was "advertising space". On Monday, as the tariff stick was swung, hopes of a last-minute tariff agreement between the United States and Mexico and Canada were dashed, and the market fell sharply again. Before the deadline, Bitcoin fell 10.49% to $83,384, lower than the level before Trump's tweet, and Ethereum fell 16.83% to a new low of $2,038.
4E: Trump's tariffs hit the market, causing U.S. stocks and crypto markets to plunge
2025-03-04 03:14:33
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