On April 14, COINOTAG News reported significant fluctuations in the global market, primarily influenced by evolving tariff policies and the anticipated monetary stance of the Federal Reserve. Following a tumultuous week, US equities demonstrated notable recovery—showing their best performance in over a year. The S&P 500 surged by 5.7%, while the Dow and Nasdaq posted respective gains of 4.95% and 7.29%. Particularly, the Big Seven Tech Index excelled, climbing 8.95%, significantly bolstered by Nvidia’s impressive 17.62% rise for the week. Meanwhile, the cryptocurrency market confronted volatility; Bitcoin initially plummeted to nearly $74,000 under safe-haven pressures but bounced back to peak past $86,000 after positive adjustments in tariffs. It currently trades at $84,408, reflecting a weekly gain nearing 7%, while Ethereum has not mirrored this rebound effectively. Market dynamics also pressured the US Dollar Index, which fell beneath the 100 mark, evidencing a multi-year low, amidst declining oil prices and surging gold demand—which increased by 6.48%. Despite positive market corrections, lingering tariff uncertainties persist, calling for astute investment strategies this week, particularly surrounding Trump’s tariff updates and the Fed’s communications.
Source: https://en.coinotag.com/breakingnews/bitcoin-surges-past-86000-amid-market-volatility-and-tariff-uncertainty/