Overview

• Bitcoin dropped to approximately $82,000, with Ethereum and other major cryptocurrencies also experiencing significant losses, as over $515 million was liquidated in the past 24 hours.
• The new reciprocal tariff structure imposes a minimum 10% tariff on all U.S. trading partners and additional duties on 60 nations with large trade imbalances, including China, India, Japan, and the EU.
• Global stock markets reacted negatively to the announcement, with Dow Jones, S&P 500, and Nasdaq futures falling 1.94%, 2.86%, and 3.62%, respectively.
• Market sentiment in the cryptocurrency sector fell to 'Extreme Fear,' as measured by the Crypto Fear and Greed Index, reflecting heightened investor uncertainty.
• Gold prices surged to a record high of nearly $3,160 an ounce, underscoring its appeal as a safe-haven asset exempt from the new tariffs.