Tariff inflation squeeze, U.S. stocks plummet, Bitcoin falls back to 84K

Data shows that consumer confidence in the United States has significantly declined, while long-term inflation expectations have risen. The three major U.S. stock indices suffered substantial losses, with Bitcoin plummeting to $83,585 and Ether hitting a low of $1,854. In the past 24 hours, a total of $450 million was liquidated across the entire network.

Inflation expectations rise, consumer confidence declines, and capital outflow in the US performs poorly this quarter.

With only one trading day left until the end of the season, the S&P 500 index has fallen nearly 2%, and this season is expected to record the worst performance since 2022. Data shows that consumer confidence in the United States has significantly declined, and long-term inflation expectations have risen. Investors are worried that inflation will remain high despite a clear slowdown in the economy.

The inflation indicator that the Federal Reserve values was released on Friday, showing that the core PCE price index in the United States increased by 2.8% year-on-year in February, higher than the expected 2.7%. Meanwhile, the final value of the Michigan Consumer Sentiment Index for March was reported at 57.0, expected to be 57.9, which is significantly lower than last month's 64.7, reflecting the public's pessimistic sentiment about the future economy.

CNN Fear & Greed Index has fallen again from 28 to 21, far below last November's 66. Wall Street's VIX panic index has also exceeded 21.

As President Trump's tariff policy continues to expand, consumers are increasingly worried that the rising tariffs will drive up prices. The long-term increase in costs may lead households to cut discretionary spending, which could affect the overall economy as well as American businesses.

According to EPFR Global data cited by U.S. Bank, U.S. stock funds experienced the largest single-week outflow of funds this year, while money continued to flow into European stock markets.

All of the top ten cryptocurrencies by market value are down, except for TRX.

The top ten cryptocurrencies by market capitalization, except for TRX, all fell, with Bitcoin plummeting to 83,585 USD and Ether hitting a low of 1,854 USD. In the past 24 hours, the entire network experienced liquidations of 450 million USD, predominantly in ETH.

TRON (TRX) founder Justin Sun ( has appeared on the cover of Forbes with the title "Meet the Cryptocurrency Billionaire Who Helped the Trump Family Make $400 Million". Will this help the trend of TRX?

Next Wednesday ) 4/2( will welcome the date when Trump announces the full implementation of tariffs. I believe market sentiment will remain tense, and investors must ensure proper risk management.

This article discusses the double impact of tariffs and inflation, with the US stock market plummeting and Bitcoin falling back to 84K, first appearing in Chain News ABMedia.