COINOTAG News, March 27th. Recent reports indicate that the market faced renewed turbulence following President Trump’s controversial tariff announcement. Early trading on Wednesday showed a significant downturn in the U.S. stock market, with declines across all major indices. The Dow slipped by 0.31%, the S&P 500 fell by 1.12%, and the Nasdaq experienced a sharp dip of 2.04%, marking its largest drop since early March. The technology sector bore the brunt of the selloff, as leading stocks like Tesla and Nvidia lost over 5% of their value.
Meanwhile, the cryptocurrency market experienced heightened volatility, with Bitcoin briefly falling below $86,000. By the end of the trading session, Bitcoin’s price rebounded slightly to $87,500, reflecting a modest 0.2% decline over the past 24 hours. Other cryptocurrencies, particularly Ethereum, struggled to maintain levels above $2,000 amidst the market pressure. Meanwhile, the JELLYJELLY episode highlighted the fragility of decentralization in the crypto space, as market manipulation by large holders became evident.
In the forex and commodities markets, the U.S. Dollar Index demonstrated an upward trend, boosted by the White House’s tariff confirmation, which led to a nearly 0.5% intraday increase. Additionally, crude oil saw a significant uptick, with U.S. oil and Brent oil rising approximately 1.8% and 1.6%, respectively. Conversely, gold prices dipped by 0.1%, marking a slight retreat.
In light of the Trump administration’s impending tariff policies, concerns about economic repercussions have prompted warnings from Federal Reserve officials, fostering a rise in risk aversion among investors. As part of its efforts to provide alternative investment avenues, eeee.com has recently unveiled a new USDT stablecoin financial product, offering an attractive 8% annualized return. Investors are advised to remain vigilant regarding market volatility and consider prudent asset allocation strategies.