March 4 news, Trump confirmed on Monday that the U.S. tariffs on Mexico and Canada will take effect on March 4, emphasizing that there is no room for negotiation and negotiation with the two countries, and market panic has increased. According to 4E monitoring, the three major U.S. stock indexes closed down collectively, with the Dow Jones Industrial Average falling 1.48%, and the S&P 500 falling 1.76%, the biggest drop this year, and the Nasdaq fell 2.64%, smearing the gains since the November election. Technology stocks led the decline, with Nvidia plummeting 8.69%, the lowest closing price since September 2024. The crypto market followed the sharp decline of US stocks. On Sunday, Trump issued a statement to promote national cryptocurrency reserves, and the market soared collectively. Bitcoin once hit $95,000, and then rose and fell. The market tilted Trump's strategic reserves toward altcoins and there was doubts about "advertising space". On Monday, as the tariff stick waved, hopes of the US and Mexico and Canada reaching a last-minute tariff agreement were shattered, and the market fell sharply again. Before press time, Bitcoin fell 10.49% to $83,384, lower than the level before Trump's tweet was released, and Ethereum fell 16.83% to $2,038 to hit a record low.