4E: Trump Tariff Exemption Fails to Halt Decline, Crypto Strategic Reserve Policy Falls Short, Bitcoin Plunges

On March 7th, according to 4E's monitoring, on Thursday, the US stock market continued to experience a significant retreat, with all three major indexes showing a downward trend. President Trump made the latest concession on tariff policy by announcing a postponement of tariffs on Mexico until April 2nd. However, this failed to alleviate market pessimism. The S&P 500 declined by 1.78%, reaching a low point since the election; the Dow fell by 0.99%, and the Nasdaq plummeted by 2.61%. The cryptocurrency market also demonstrated weakness. The decline in the US stock market had an impact on crypto assets. At the same time, crypto czar David Sacks stated that Trump has signed an executive order to establish a strategic Bitcoin reserve. However, this order only involves hoarding existing confiscated assets rather than direct purchases. The "hoard old, not buy new" approach disappointed the market, causing Bitcoin to quickly drop to a low of $84,667 and is currently hovering around $88,000, with a daily decline of approximately 4.2%. Altcoins generally followed Bitcoin's downward trend, with Ethereum falling by 4.68% to around $2,100. In the commodities market, due to tariff concerns, the US dollar index fell for the fourth consecutive day. Oil prices remained stable in the face of US tariffs and the OPEC+ production increase plan. Gold prices fell due to profit-taking, with spot gold dropping by 0.1% and ending a three-day rally. The current market is increasingly tired of the uncertainty surrounding US policies, especially the frequent statements from administration officials and the repeated adjustments to tariff policies. Investors are focusing on Friday's non-farm payroll report to assess the Federal Reserve's monetary policy direction. The crypto market is also looking forward to Friday's White House crypto summit for the latest industry guidance. As a financial trading platform supporting cryptocurrency, stock indexes, commodities such as gold, and forex, eeee.com recently launched a USDT stablecoin financial product with an annualized return rate of 8%, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to make proper asset allocations.