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4E: Tariffs and recession concerns heat up, US stocks and crypto markets both fall
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5 hours ago 3,648
February 26th news, according to 4E monitoring, the US consumer confidence in February was not as good as expected, hitting the largest single-month decline in more than three years. In addition, Trump said that the suspension period will be fully imposed on imported products from Canada and Mexico as scheduled, and the market will Concerns about tariffs and recession are intensifying. On Tuesday, US stocks fell more and rose less, with the Dow Jones Industrial Average closing up 0.37%, the S&P 500 closing down 0.47%, and the Nasdaq fell 1.35%. Most of the large technology stocks fell, with Tesla falling more than 8.39%, with market value falling below $1 trillion, and Nvidia followed closely behind with a drop of 2.8%. Goldman Sachs' recent report said hedge funds are withdrawing U.S. technology and media stocks at the fastest pace in six months, and the Big Seven tech stocks are in a technical correction range. The crypto market was ahead of the US stock market yesterday, with Bitcoin falling to $86,050 at one point, and Ethereum as low as $2,313. The cooling of the meme market and the upcoming unlocking of a large number of tokens made SOL fall the deepest, down nearly 50% in the past month. Bitcoin spot ETFs had a net outflow of US$774 million yesterday, lasting net outflows for 6 days. The crypto market has been sluggish since February, and once again suffered a sharp decline in the start of the week, with the Panic and Greed Index falling to 21, hitting a new low since September last year. In terms of foreign exchange bulk, consumer confidence data suppressed the US dollar, with the US dollar index falling 0.2%, approaching the two-month low set on Monday; the market is worried about the prospect of oil demand, and with potential peace talks in Russia, oil prices fell by more than 2%; gold prices fell after a new high After that, the profit was settled, and spot gold fell by more than 1.2%. A series of weak data in recent times suggests that the U.S. economy may be in recession, with the S&P Nasdaq falling four times, aggravating market concerns about the decline in consumer confidence and tariff policies affecting the economy. Traders generally remain cautious and wait for more economic data. and policy guidance. As a financial trading platform that supports assets such as cryptocurrencies, stock indexes, bulk gold, foreign exchange, etc., eeee.com recently launched USDT stablecoin wealth management products with an annualized yield of 8%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
Keywords: Bitcoin
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