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#CryptoTariffDrop U.S. stock futures fell sharply on Wednesday as China announced sweeping retaliatory tariffs on American goods. Dow futures sank 790 points, or 2.1%, while S&P 500 futures dropped 1.8%. Nasdaq-100 futures also declined, down 1.5%. As of Apr. 8, the S&P 500 has dropped below the 5,000 mark for the first time in nearly a year and is now down 18.9% from its February high, close to the technical threshold of a bear market. According to LSEG, S&P 500 companies have lost $5.8 trillion in market value over the past four days, marking the steepest four-day decline since the index was created. Japan’s Nikkei and other Asian markets have also started showing similar downward trends. Crypto markets have not been immune. The global crypto market cap has fallen to $2.45 trillion, down from $3.66 trillion in mid-January, just before Trump’s inauguration. The Crypto Fear and Greed Index, which tracks market sentiment based on price volatility, trading volume, and social trends, has fallen to 18. This level, categorized as “extreme fear,” hasn’t been seen since June 2022. Given these conditions, there’s growing speculation about whether the Federal Reserve might consider a rate cut in the near term, and if so, what that could mean for digital assets.
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$BTC The live Bitcoin price today is $81,654.18 USD with a 24-hour trading volume of $80,168,038,953 USD. Bitcoin is up 8.72% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,620,763,965,101 USD. It has a circulating supply of 19,849,125 BTC coins and a max. supply of 21,000,000 BTC coins.
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$BTC The live Bitcoin price today is $81,654.18 USD with a 24-hour trading volume of $80,168,038,953 USD. Bitcoin is up 8.72% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,620,763,965,101 USD. It has a circulating supply of 19,849,125 BTC coins and a max. supply of 21,000,000 BTC coins.
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#MarketSentimentToday Business leaders are sounding the alarm over the potential fallout from Trump tariffs. BlackRock CEO Larry Fink said Monday that "Most CEOs I talk to would say we are probably in a recession right now." JPMorgan Chase CEO Jamie Dimon, in his annual shareholder letter Monday, wrote that tariffs are likely to cause "inflationary outcomes" and "will slow down growth" of an "already weakening" economy. And Home Depot co-founder Ken Langone, a megadonor to the Republican Party, called the 46% import duties on Vietnam "bulls---." DoubleLine Capital CEO Jeffrey Gundlach said on CNBC's "Closing Bell" Monday that he's concerned over the lack of bounce in the market, and would hold cash until the S&P 500 hits a "sustained bottom." Here's where Gundlach thinks the S&P 500 could end up before it starts to rise again.
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#Tariffs U.S. markets mostly fell Monday. The S&P 500 lost 0.23% and was briefly in bear market territory — a 20% fall from its recent high — during the trading session. The Dow Jones Industrial Average dropped 0.91%, and swung 2,595 points from low to high, its largest intraday point swing ever recorded. But the Nasdaq Composite edged up 0.1% as investors bought some megacap tech stocks — but Apple was bludgeoned again. Asia-Pacific markets climbed Tuesday, rebounding from heavy losses the previous day. Japan's Nikkei 225 jumped nearly 6% and Hong Kong's Hang Seng Index added 0.3%.
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Latest News
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OpenAI to Replace GPT-4 with Enhanced AI Models
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BlackRock CEO Advocates for Blockchain-Based Asset Trading
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