plunge

4E: Trump criticizes Powell again, US stocks plunge, Bitcoin rises against the trend

ChainCatcher news reports that, according to 4E monitoring, Trump has once again launched a fierce attack on Federal Reserve Chairman Powell and issued threats to the independence of the Federal Reserve, raising concerns in the market about the decline of the dollar's credibility and a potential downturn in the U.S. economy. On Monday, U.S. stocks faced a "Black Monday," with all three major indices suffering significant losses: the Dow Jones fell 2.48%, the Nasdaq dropped 2.55%, and the S&P 500 declined 2.36%. Tech stocks were hit hard, with Tesla down over 5%, Nvidia down over 4%, and the total market value of the "Big Seven" in U.S. stocks evaporating by $404.6 billion.The cryptocurrency market decoupled from U.S. stocks and rose against the trend. Bitcoin has been rising since yesterday morning, and in the evening, Strategy announced the purchase of 6,556 bitcoins for $556 million (average price $84,785), boosting market sentiment, maintaining stability at $87,000 despite the sharp decline in U.S. stocks. This morning, Bitcoin surged again, reaching a high of $88,877, marking a new high in a month, with a 24-hour increase of 1.42%. Bitcoin is draining the crypto market, with altcoins generally under pressure; Ethereum fell below $1,600, down 3.%; SOL reported at $138.75, with a nearly 24-hour decline of 1.72%.In the foreign exchange bulk market, the dollar index plummeted 0.94% to around 98, hitting a new low in the last 16 months; oil prices fell, with U.S. oil down 2.06%; spot gold rose 2.90%, reaching a new high.Trump's continued attacks on the Federal Reserve have left investors worried. While low interest rates may benefit the stock market in the short term, damage to the independence of the Federal Reserve could weaken its long-term ability to control inflation, threatening the dollar's status as the world's safest asset and undermining the foundation of the U.S. economy. The market is highly vigilant, with risk-averse sentiment surging.

Analysts: Over 310,000 people liquidated due to Trump's latest remarks

ChainCatcher news, the cryptocurrency market collectively plummeted on March 4, with Bitcoin briefly dropping below $83,000, a decline of over 11% within 24 hours, Ethereum falling over 17%, and ADA dropping over 28%. Coinglass data shows that the total liquidation in the cryptocurrency market exceeded $1 billion, with over 310,000 people liquidated. In the secondary market, most Hong Kong stock cryptocurrency concept stocks also fell, with Boyaa Interactive dropping over 13%, OKC Cloud Chain falling over 21%, and OSL Group down over 3%.Analysts pointed out that the renewed sell-off in the crypto space is related to Trump's latest remarks. On March 3 local time, Trump stated that reciprocal tariffs would begin to be imposed on April 2, and the 25% tariff on goods from Mexico and Canada would take effect on March 4. After this news spread, investors' concerns about the "trade war" intensified, leading to a sell-off of U.S. tech stocks, cryptocurrencies, and other risk assets. The cryptocurrency market collectively plummeted on March 4, with Bitcoin briefly dropping below $83,000, a decline of over 11% within 24 hours, Ethereum falling over 17%, and ADA dropping over 28%. Coinglass data shows that the total liquidation in the cryptocurrency market exceeded $1 billion, with over 310,000 people liquidated. In the secondary market, most Hong Kong stock cryptocurrency concept stocks also fell, with Boyaa Interactive dropping over 13%, OKC Cloud Chain falling over 21%, and OSL Group down over 3%.Analysts pointed out that the renewed sell-off in the crypto space is related to Trump's latest remarks. On March 3 local time, Trump stated that reciprocal tariffs would begin to be imposed on April 2, and the 25% tariff on goods from Mexico and Canada would take effect on March 4. After this news spread, investors' concerns about the "trade war" intensified, leading to a sell-off of U.S. tech stocks, cryptocurrencies, and other risk assets.

Huobi HTX Live Analysis of the Crypto Market Plunge: The Federal Reserve's Rate Cut Expectations in the Second Half of the Year May Boost BTC to New Heights

ChainCatcher news, recently, Huobi HTX held a Twitter Space themed "Can we still catch the bus in the crypto market downturn?"Crypto KOLs J@Crypto, SteveRen, AK, 527, and Big Brother were invited to attend and shared trading strategies behind the significant drop in the crypto market. The five guests generally believe that Trump's tax cuts, deregulation, and tariff policies, combined with the Federal Reserve's high interest rates of 4.25%-4.50%, have hindered global capital flows and reduced market liquidity.At the same time, the Solana celebrity coin controversy, the Bybit theft incident, and the repeated rejection of state-level Bitcoin reserve bills in the U.S. have led to a concentrated outbreak of negative news, causing the crypto market to decline continuously. J@Crypto believes that the downturn is a short-term shock, and long-term confidence remains. Institutions and traditional funds are slowly positioning themselves, which will extend the bull market cycle. SteveRen analyzed from a technical perspective that Bitcoin has reached the bull-bear boundary EMA200 moving average, and a sharp decline is unlikely to see a quick rebound in the short term.From the perspective of ecological construction, Ethereum is superior to Solana and SUI, with certain potential for an explosion. Big Brother optimistically believes that the Federal Reserve's expectation of interest rate cuts in the second half of the year may boost BTC to new highs. In extreme market conditions, prioritizing BTC with a 70%-80% position allocation, while managing positions and risks, can outperform most people. 527 believes that BTC will oscillate at a high level within the range of 70k-105k. During this period, there may be innovations and explosions in the on-chain ecosystem. Large positions can be allocated to wealth management or held in BTC, while small funds can seize on-chain opportunities.In contrast, AK is more pessimistic. He believes that the bull market ended last year, and the bear market has arrived. Altcoin liquidity has dried up, leaving no room for rebounds; funds can be placed in wealth management products on exchanges like Huobi HTX, such as USDD with up to 20% annualized returns; or one can wait for lower prices to heavily invest in BTC.
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