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- Bitcoin decreased below $ 77,000 after the US announcement of a 104 % tariff on Chinese imports.
- Goldman Sachs raised the possibility of American recession to 45 %, while JPMorgan sees a series of cuts in the Federal Reserve starting in June.
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Bitcoin fell to less than 77,000 dollars today after US President Donald Trump announced a 104 % tariff on Chinese imports, and the escalation of trade tensions that led to the instability of global markets since April 2.
The tariff announcement sparked fluctuations through risk origins, as both S&P 500 and NASDAQ witnessed sharp gains during the day about 4 % before declining to erase most of its daily gains.
Bitcoin followed a similar pattern, which briefly rose from $ 80,000 before declining to less than $ 77,000.
Before displaying the customs tariff, President Trump participated in talks with allies such as South Korea and Japan, which raised the optimism of the brief market.
The White House said that nearly 70 countries have contacted commercial agreements, and Trump described the talks as a “beautiful and effective” operation.
Despite these negotiations, he stressed that the tariffs of 104 % on Chinese imports will continue, which are scheduled to enter at 12:00 am on April 9.
China commented on Monday in response to Trump’s threat early in the customs tariff, pledging to “fight to the end” and reject what he called “the United States extortion”, indicating a little opportunity for the settlement.
Economic repercussions have prompted renewal concerns. Goldman Sachs recently Raises For the American stagnation to 45 %, noting the tightening of financial conditions and the uncertainty in trade.
In parallel, JPMorgan is now expecting that the Federal Reserve will start a series of discounts in prices starting from June 2025, with one reduction in each meeting and an additional reduction in January, which reaches the upper limit of the standard policy rate to 3 %.
In addition to cautious tone, Bloomberg a report David Rolli, wallet manager and co -manager of the global fixed income at Lomis Siles, who was called customs duties “the only tax they can raise” during a modern financial event.
His colleague, Barmela Agrawal, estimated a 60 % chance of the American recession, while Andrea Desinsu, a strategic asset strategy in Leomes Siles, said that investors are turning into the European and Latin American markets, which he sees more stable than the United States.
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