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4E: Trump tariff fine adjustments boost markets, US stocks and crypto markets rebound together
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5 hours ago 6,211
On March 6, Trump's tariff policy was fine-tuned, postponing tariffs on cars in Mexico for one month and willing to consider more tariff exemptions requests. Trade tensions may ease, boosting market sentiment. According to 4E monitoring, US stocks reversed the decline in the previous two days on Wednesday and rebounded sharply, with the technology and automobile sectors leading the gains. As of the close, the S&P 500 closed up 1.12%, the Dow Jones Industrial Average rose 1.14%, and the Nasdaq rose 1.46%. Large tech stocks generally rose, with Microsoft leading the gain of 3.19%. The crypto market rebounded across the board. Driven by the US stock market and the White House crypto summit is approaching, the market expects encryption policies such as Bitcoin reserve plans to become clearer. Bitcoin's upward trend exceeded 91,000 mark and reached a high of US$91,903, up 4.8% in 24 hours, and Ethereum returned to above US$2,200, up 4.59% in 24 hours. All sectors in the market generally rebounded, with an increase of about 2% to 8%, and market sentiment boosted.
Keywords: Bitcoin
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