QCP Capital: The market fell due to the increase in U.S. tariffs on China, and BTC remained at $75,000

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BTC0,51%
TRUMP1,98%
ETH1,22%

Gate.io News bot message, according to the latest analysis by QCP Capital, after the total import tariff on China by the U.S. increased to 104%, the market experienced a comprehensive fall. Safe-haven assets such as gold and U.S. Treasuries faced selling, and the VIX index remained above 40 points for three consecutive days. The yield on U.S. Treasuries rose significantly, with the 10-year reaching 4.5% and the 30-year breaking 5%.

The Trump administration has taken a step up strategy. The market was expecting a “Trump bottom” or a “Fed bottom”, but it did not materialize in the short term. While the market expects four rate cuts in 2025, the Fed maintains current rates amid stable employment and rising inflation.

Bitcoin price is consolidating in the $75,000 range, while Ethereum price is showing a falling trend.

Source: QCP Capital

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