Rising US-China Trade Conflict: Response of Bitcoin, Stocks, Gold to the Threat of 245% Tariff
The US and China's escalating trade conflict has resulted in immediate volatility in financial markets, with stock futures dipping, gold prices surging, and Bitcoin remaining stable. This follows a threat from the White House to hike tariffs on Beijing from 145% to 245%.
The threat came on the heels of Trump approving an investigation into national security risks from the US's dependence on imported, processed critical minerals. Despite reporting stronger than expected Q1 economic growth, China warned this trade war could harm both domestic and global economies.
Gold prices hit a new all-time high of over $3,300/oz, while the Dow and S&P 500 saw drops of 1% and 1.4% respectively. Bitcoin, meanwhile, has maintained a steady level around $84,000.
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#ohooooo 😮💨😮💨😮💨😧😧 The $OM /USDT pair on Binance has shown an incredible movement today, April 15, 2025. The price has surged to 0.7800, marking a fantastic gain of 26.30% in just one day ❗ Congratulations to all the traders who caught this wave! The 24-hour high reached 0.9998, with a trading volume of 500.30M OM and 394.64M USDT. However, there’s a sharp drop visible on the 1-day chart after hitting that high, with a decrease of 0.0194 (-22.43%). The volume SMA also indicates steady activity. What do you think about this volatility ❓ Will it bounce back soon? Let’s discuss!#USElectronicsTariffs #WCTonBinance #WhaleMovements
{spot}(OMUSDT)
Evaluation of Ethereum's Value: The Risk of Falling to $1.1K if This Support Level Fails
Ethereum's downward trend has momentarily halted at the important $1.5K support zone, leading to a period of side-to-side consolidation with mild volatility. This zone has traditionally acted as a significant support and holds psychological importance for market players.
A recent death cross, where the 50-day MA falls below the 200-day MA, strengthens the prevailing bearish sentiment. If the $1.5K level cannot sustain, Ethereum may see a sharp decrease, with the $1.1K zone being the next key target. Ethereum's recent consolidation phase has led to a significant cluster of liquidation levels just below the $1.5K support zone.
If renewed selling pressure pushes the price into this liquidity pocket, a wave of long liquidations could be triggered, potentially strengthening the downward momentum and pushing Ethereum toward the $1K threshold.