4E: Trump Tariff Uncertainty Intensifies Volatility, U.S. Stocks Mixed, Crypto Market Shows Divergence

BlockBeats News, February 27th: On Wednesday, Trump held the first cabinet meeting, confirming the scheduled implementation of tariffs on Canada and Mexico, and claiming to impose a 25% tariff on the European Union. In addition, U.S. new home sales in January fell to a three-month low, further revealing signs of weak consumer demand. The tariff policy combined with poor consumption data has raised concerns in the market about the economic growth outlook.

According to 4E monitoring, U.S. stocks initially surged across the board, but fell from intraday highs under the impact of Trump's tariff comments, ending the day mixed. The S&P 500 index, which had fallen for four consecutive days, and the Nasdaq rose slightly by 0.01% and 0.26%, respectively, while the Dow fell by 0.43%. Most tech stocks rose, with Nvidia leading by over 3% ahead of its earnings report. After the U.S. market closed, Nvidia's fourth-quarter earnings and current-quarter guidance were both above market expectations, easing concerns about its AI chip production and computing power demand.

The crypto market did not rebound along with tech stocks, with Bitcoin falling again, hitting a low of $82,256 and currently trading at $84,705, a 24-hour decline of 4.84%. The top ten mainstream coins collectively experienced a downturn, with ETH and SOL falling by 5.46% and 3.9%, respectively. Altcoins showed divergent performance, with some rising against the trend, displaying signs of a vampire attack on Bitcoin, causing Bitcoin's market dominance to drop from 61% to 59.5% in two days.

Current tariff concerns and economic slowdown continue to dominate market sentiment, with investors closely watching the upcoming release of U.S. GDP and PCE data, as well as the latest developments in Trump's tariff plan.