Key dealers
- Bitcoin fell below $ 77,000 after the US announcement of a 104% duty on Chinese import.
- Goldman Sachs raised the probability of an American recession to 45%, while JPMorgan sees a series of Fed cuts from June.
Bitcoin fell under $ 77,000 today after US President Donald Trump announced a 104% duty on Chinese imports and escalating trade voltages that have worried global markets since April 2.
The tariff announced volatility between risk resources, with both the S&P 500 and Nasdaq who experience sharp intraidic gains of about 4% before retreating to delete most of their daily gains.
Bitcoin followed a similar pattern, cards grew over $ 80,000 before falling below $ 77,000.
In front of customs development, President Trump engaged in talks with Allies such as South Korea and Japan and led to a short market optimism.
The White House said that almost 70 countries had reached out and sought trading agreements, and Trump described the conversations as a “beautiful and effective” process.
Despite these negotiations, he confirmed that 104% tariffs on Chinese imports would continue, which would come into force at 12:00 on April 9.
China commented on Monday in response to Trump’s former customs threat, promised to “fight to the end” and reject what it called “us blackmail,” signals little chance of compromise.
The economic fall has received renewed concern about a slowdown. Goldman Sachs recently raised its forecast For a US recession to 45%, with reference to tightening economic conditions and growing uncertainty in Handels.
In parallel, JPMorgan now expects that the Federal Reserve will start a series of interest rate cuts starting in June 2025, with a cut at each meeting and a further decrease in January, which gives the upper limit for Benchmark policy to 3%.
Adding the careful tone, a bloomberg Report Quoted David Rolley, Portfolio Manager and head of global interest income at Loomis Sayles, which called the customs “the only tax they can raise” during a recent financial event.
His colleague Pramila Agrawal estimated a 60% chance of an American recession, while Andrea Dicenso, a multi-supply and European Championship debt strategist on Loomis Sayles, said that investors are changing to European and Latin American markets, which she sees as more stable than the United States.
