Trump's tariff war changes daily, BTC back to 90K, are you ready for the kangaroo market?

Trump's trade war changes daily, causing market chaos, with US stocks falling across the board, and global bond markets facing dumping after Germany is expected to relax debt limits. BTC fell below 88K last night, but has slowly rebounded to above 90K this morning, with the community still looking forward to the White House summit on Friday.

Trump's tariffs change daily, are you ready for the kangaroo market?

Due to the drastic impact of tariff news, the US stock market experienced a comprehensive decline, with the S&P 500 index falling by 1.78% and the Nasdaq 100 index falling by 2.61%, approaching a technical pullback zone. After US President Trump decided to postpone the imposition of tariffs on products covered by the North American Free Trade Agreement in Mexico and Canada, the US stock market failed to rebound, highlighting fragile risk appetite.

President Trump announced that goods from Mexico and Canada under the (USMCA) will be exempt from 25% tariffs until April 2.

Trump's trade war changes every day, causing market chaos. Some jokingly call this year not a bear market or a bull market, but a kangaroo market! The market keeps fluctuating all day, making investors exhausted! However, the more this happens, the more important it is to do well in asset allocation and risk management. Are you ready for this year's kangaroo market?

The bond market was dumped, and Peter Schiff warned of the impact of rising Japanese interest rates on leveraged bets on US stocks.

The global bond market is encountering a dumping wave. After Germany is expected to relax its debt issuance restrictions, German bonds experienced the largest drop since the fall of the Berlin Wall, with the 10-year Japanese government bond (JGB) yield reaching 1.51%, the highest since 2008. Bullish on gold, Peter Schiff expects it to potentially break through 1.76% by mid-year. He also mentioned that Japan's ultra-low yields had previously fueled leveraged bets on the US stock market, seemingly implying that Japan's low interest rates no longer have an impact on the stock market.

(Germany triggers a global bond dumping frenzy, Arthur Hayes: The hunger games of printing money begins!)

Most currencies remain stable, market expects White House encryption summit on Friday

BTC fell below 88K last night, but has gradually rebounded to above 90K this morning, and the community is still looking forward to the White House encryption summit on Friday. Host David Sacks confirmed that key figures from the encryption currency, financial technology, and investment fields will participate, covering exchanges, payment companies, blockchain infrastructure, media, and investment institutions.

Most of the invite lists circling X are fake but this looks correct (though not yet complete). Note that the Digital Asset Summit is not a conference; it’s a roundtable. We appreciate all of the interest but need to keep it small to have a meaningful conversation.

— David Sacks (@davidsacks47) March 6, 2025

This article Trump's tariff war changes every day, BTC returns to 90K, are you ready for the kangaroo market? First appeared in Chain News ABMedia.