"Trump Temporarily Suspends Tariffs Causing Confusion" Bitcoin Long Wick Candle at 81,000, US Stocks Riding a Roller Coaster, The Federal Reserve (FED) May Interest Rate Cut Expectations Surge

Last night, the global market experienced a crazy turmoil, and the US stock market fluctuated sharply under the impact of multiple factors such as the staggered news of real and fake tariffs, Trump's increased threat to China, and the sudden closed-door meeting of the Federal Reserve (Fed). (Synopsis: Bloomberg revealed: The U.S. Treasury Department skipped the congressional method of increasing its holdings of BTC, but the probability of buying bitcoin this year is only about 30%) (Background supplement: Putin agreed to a ceasefire in Ukraine but conditionally, Trump tariffs killed U.S. stocks again, bitcoin once lost $80,000 and rebounded) After the Asian stock market and cryptocurrency market encountered "Black Monday" yesterday, foreign media reported last night that the Trump administration may suspend reciprocal tariffs for 90 days, which once stimulated a strong rebound in the market and Bitcoin exceeded $80,000. However, the White House quickly denied that this was fake news, market confidence collapsed in an instant, and the stock market and bitcoin turned sharply. Subsequently, US President Trump once again issued a tough threat against China, claiming that if China does not withdraw its retaliatory tariffs (Beijing announced a 34% retaliatory tariff last night), the United States will raise the existing tariff rate to 50% on the 9th, causing another market shock. The Dow plunged more than 1,700 points intraday, despite closing losses and the S&P 500 posted its worst three-day performance since the outbreak of the pandemic in 2020. At the same time, the EU is holding high the banner of negotiating priorities, but it is also ready to counter tariffs, and the global trade war is full of gloom. Bitcoin briefly broke through $81,000 before falling back Cryptocurrency market performance was also fluctuated last night by the fake news of Trump's suspension of tariffs, bitcoin peaked at $81,213, but the White House quickly retreated after clarification. However, as of 9:30 Taipei time on April 8, the price of bitcoin is about $79,670, and the price of Ethereum is about $1,574, and the rally can continue. However, overall, the current market trend still highlights the high degree of uncertainty in the current global economic environment, which has brought great pressure to the risk market, and investors undoubtedly need to be more cautious when assessing risks and opportunities, and pay close attention to subsequent policy trends and changes in economic data. U.S. stocks mixed, Huida rebounded In U.S. stocks, Apple (AAPL-US) closed at $181.46, down 3.67%. The company's stock price has fallen 19% in the past three trading days, losing nearly $640 billion in market value. Market rumors suggest that in order to replenish inventory before the potential tariffs take effect on the 9th, Apple has launched an emergency logistics plan, using freighters to ship a large number of iPhones and other products from India and China to the United States. Huida (NVDA) closed at $97.64, rebounding 3.53%. Bernstein analysts are bullish on Huida, reiterating its "outperform" rating and $185 price target, and expecting its AI server products to be exempt from the latest tariffs under the USMCA. The Dow Jones Industrial Average was the hardest hit, plunging 1,703 points during the session before closing down 349.26 points, or 0.91%, at 37,965.6 The S&P 500 closed down 11.83 points, or 0.23 percent, at 5,062.25, down more than 10 percent over the past three trading days and its worst decline since the coronavirus pandemic-induced market crash in early 2020. Technology stocks show resilience. As dip buying poured in, the Nasdaq Composite eventually edged up 15.48 points, or 0.1%, at 15,603.26 Benefiting from a strong rebound in semiconductor stocks, the Philadelphia Semiconductor Index bucked the trend and jumped 97.29 points, or 2.70%, to close at 3,694.95. Fed closed-door meeting adds suspense, interest rate cut expectations soar It is also worth noting that the Fed suddenly convened an unannounced closed-door board meeting last night amid market reels over tariff news. Although the specific discussion content and decision-making of the meeting have yet to be officially announced, the rare move at this sensitive time has undoubtedly increased the tension and speculation in the market. According to the Chicago Mercantile Exchange (CME) FedWatch tool, market traders now expect the probability of the Fed to cut interest rates as soon as May has risen to 30.7% from 14% a week ago, reflecting strong expectations that the Fed will take a more dovish stance to support the economy amid the shadow of the trade war and concerns about a potential economic slowdown. On the other hand, in the face of US tariff pressure, the EU held a meeting of 27 trade ministers in Luxembourg, and countries reached a consensus that they would give priority to resolving trade disputes through consultation. Maros Sefcovic, the European Commission's trade executive, said that the United States has proposed "zero-for-zero" tariffs on industrial products, that is, the two sides fully exempt each other from tariffs. However, the EU has also made it clear that it will not wait indefinitely. Sevkovic elaborated on the EU's three-point position: First, recognize the importance of cooperation with the United States in strategic areas (such as dealing with overcapacity in non-market economies, semiconductor races, supplies of key raw materials, etc.) Second, when it admits that negotiations with the United States will be protracted, it is only in the preliminary stage, because the United States regards tariffs as "corrective measures" rather than tactical means Third, while seeking open-ended negotiations, a three-track strategy will be adopted: defending interests through countermeasures, dispersing markets through new trade agreements, and stopping harmful trade diversion effects. In terms of specific actions, in response to the previous tariffs imposed by the United States on steel and aluminum products, the EU is expected to implement the first wave of retaliatory tariffs on April 15, and the relevant list has been submitted to member states and will be voted on on the 9th. The second wave of countermeasures is scheduled for May 15. At present, the EU's strategy is clearly to "negotiate first, talk while talking", but also actively seek to decentralize trading partners, with Sevkovic naming India, Indonesia, Thailand, the Philippines and the Persian Gulf countries, and calling for accelerated negotiations on existing free trade agreements. The president of the European Commission put it more graphically that the EU will "focus like a laser beam on 83% of global trade except the United States". At the same time, the EU is also highly alert to the risk of trade diversion, especially as products from China may flood the EU market due to US tariffs. One of the highlights of Sevkovich's recent visit to China was to address trade imbalances, overcapacity, market access and Chinese investment in Europe. Related reports Zelensky: You can sign a "mineral agreement" at any time, what precious mineral rare earth resources does Ukraine have? Russian troops attack Ukraine at night! Trump threatened "sanctions + tariffs" to pressure Russia until a ceasefire and reconciliation Zelensky: Willing to follow Trump's strong leadership, Ukraine "can sign a mining agreement at any time" to return to the negotiating table Bitcoin's gold-to-gold ratio fell below the 12-year support line, fearing a backtest of $65,000... Is this bull market over? "Trump suspends tariffs and troubles oolong" Bitcoin pin 81,000, U.S. stocks ride roller coasters, Fed May interest rate cut expectations rise sharply" This article was first published in BlockTempo "Dynamic Trends - The Most Influential Blockchain News Media".