On April 23rd, 4E monitoring reported President Trump’s recent comments indicating a potential **softening** of the tariff policies on China. He asserted that the existing tariffs were excessively high, potentially paving the way for a **significant reduction** in tax rates. This sparked optimism in the market regarding **China-U.S. tariff negotiations**, leading to a surge in global risk sentiment. The U.S. stock market reacted positively, with the **S&P 500** increasing by **2.5%**, the **Dow Jones** climbing **2.66%**, and the **Nasdaq** up by **2.71%**. Large-cap technology stocks also rebounded, with the Big Seven Tech Index gaining **2.84%**.
In the cryptocurrency sector, Bitcoin maintained its upward momentum, surpassing **$90,000** and nearing **$94,000**, marking its highest point since early March, currently trading at **$93,063**, reflecting a **5.6%** intraday increase. Ethereum experienced a **14% surge**, breaking past the **$1,800** threshold, while the overall **altcoin market** saw gains that boosted the total cryptocurrency market capitalization by **5.4%**.
In other markets, the **U.S. dollar index** rebounded by **0.65%**, and crude oil prices jumped nearly **2%** as investor risk appetite returned. Conversely, after reaching consecutive record highs, **gold prices** weakened, dropping by **1.25%**. Trump’s remarks and a more tempered stance towards **Federal Reserve** Chairman Powell have shifted sentiment from caution to optimism regarding future trade negotiations and monetary policy.
In light of recent developments, eeee.com has introduced a **USDT stablecoin financial product** offering an **8% annualized return**, presenting investors with a new hedging opportunity. **4E** advises investors to remain vigilant against market volatility and to diversify their asset allocations accordingly.
Source: https://en.coinotag.com/breakingnews/bitcoin-soars-past-94000-as-trade-optimism-and-tariff-reductions-boost-market-sentiment/