BlockBeats News, April 10th, according to 4E monitoring, after Trump announced a 90-day tariff suspension on countries that do not take retaliatory actions, investor panic sentiment significantly reversed, with a sharp midday surge in the US stock market, and all three major indices closing sharply higher. The Dow rose by 7.87%, marking the largest single-day gain since March 25, 2020; the S&P 500 soared by 9.52%, delivering its best single-day performance since 2008; the Nasdaq surged over 12%, recording the second-largest single-day gain in history. Tech stocks performed well, with the Big Seven Index rising by 14.00%, and the total market cap increasing by $1.85 trillion in a single day.
The crypto market saw a collective surge, with Bitcoin continuing its climb from yesterday's low of $74,000, reaching around $83,000 before the deadline, up over 8.7% in the past 24 hours. Ethereum rebounded from a low of $1385, trading around $1660 before the deadline, with a nearly 14.6% increase in the past 24 hours. Other altcoins also experienced significant gains, with the total crypto market cap rising by 8.4% in 24 hours. However, the market sentiment has not significantly recovered, indicating a strong sense of uncertainty regarding the recent tariff war.In the forex and commodities market, the trade dispute continues, with the US dollar index falling by 0.10% after a failed rebound; crude oil staged a strong rebound, with intraday gains exceeding 5%; spot gold fluctuated higher throughout the day, rising by 3.27% in the New York session.Recently, the market has reacted sharply to tariff news. While some positive news has emerged, easing some market sentiment, the "probation-style" policy has not completely eliminated uncertainty and may instead bring more chaos. As a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, eeee.com has recently launched a USDT stablecoin financial product with an 8% annualized return rate, providing investors with a potential hedging option. 4E reminds you to be cautious of market volatility and to allocate your assets wisely.
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