4E: Expectations of trade easing ignited the market, and the US stock and crypto markets soared

On April 23, according to 4E monitoring, on Tuesday, Trump made remarks softening tariff policies, stating that tariffs on China are too high, and it is expected that the tax rate will be significantly reduced. With the optimistic expectations of the China-US tariff negotiations, global trade tensions eased, risk sentiment boosted, and US stocks surged. The S&P 500 closed up 2.5%, the Dow rose 2.66%, and the Nasdaq rose 2.71%. Large tech stocks recovered from the previous day's losses, with the FAANG index rising 2.84%.

The cryptocurrency market collectively rose, with Bitcoin continuing its strong performance. After breaking through the $90,000 mark last night, it accelerated its rise. After Trump withdrew his earlier threat to dismiss Federal Reserve Chairman Powell, it briefly rose to nearly $94,000 this morning, hitting a new high since early March, currently at $93,063, up 5.6% on the day. Ethereum reversed its recent slump, rising strongly by 14% and breaking through $1,800. The altcoin market collectively rose, with the total cryptocurrency market value increasing by 5.4%.

Trump's softening tariff remarks and mild statements towards Powell have shifted the investment sentiment from previous concerns to optimism. Next, the progress of trade negotiations and the direction of the Federal Reserve's monetary policy will be the focus of attention.