Nasdaq Volatility 10% Amid Fake Tariff News, Bitcoin 2.8% Gain

The U.S. stock market experienced significant volatility on Monday, with the Nasdaq index seeing a maximum amplitude of nearly 10% due to the impact of fake news regarding a "Tariff Delay." The market initially turned upward but fell again after the news was debunked. Before the close, Trump stated that he had not considered suspending tariff increases and mentioned that multiple countries were coming to negotiate with the U.S. At the close, the three major indices saw mixed results: the Dow fell by 0.91%; the S&P 500 dropped by 0.23%; the Nasdaq narrowly closed up by 0.10%, ending a two-day decline. The U.S. big tech stock index rose by about 0.2%.

The crypto market rebounded, with Bitcoin leading the decline in the Asian session, falling to a low of $74,508. In the evening, the rumor of a "90-day Tariff Delay" drove BTC to quickly break through $81,000, but it fell back after the news was debunked. At the deadline, Bitcoin was fluctuating above $80,000, rising by 2.8% in the past 24 hours, while other altcoins generally experienced significant rebounds. In the midst of a volatile market, ETH was particularly weak, dropping to $1,411 at one point. Its decline led the way, and its market share hit a new one-year low. In the current rebound trend, its increase is also significantly lagging, deepening market doubts about its long-term competitiveness.

In the forex and commodities sector, the U.S. dollar index rose by 0.29%. Economic recession expectations drove crude oil to its third consecutive decline, dropping by over 2% and hitting a three-year low. Spot gold fell by 1.76%, showing an intraday high followed by a decline, spending most of the day in a downtrend.

Trump's tariff policy has triggered a global chain reaction of countermeasures, shaking the financial markets. Investors are hoping that the Federal Reserve will intervene to save the market, but given the current high inflation pressure, the possibility of emergency Fed intervention in the short term is low unless the market or economy is in a severe crisis.