{"id":21544,"date":"2025-04-10T16:17:59","date_gmt":"2025-04-10T16:17:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21544"},"modified":"2025-04-10T16:17:59","modified_gmt":"2025-04-10T16:17:59","slug":"bitcoin-tumbles-below-80k-alongside-5-plunge-in-nasdaq-as-china-tariff-tiff-escalates","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21544","title":{"rendered":"Bitcoin Tumbles Below $80K Alongside 5% Plunge in Nasdaq as China Tariff Tiff Escalates"},"content":{"rendered":"
\n

After U.S. markets enjoyed a brief gasp of relief on Wednesday, charts got ugly again on Thursday as focus shifted to a potential bigger conflict between the U.S. and China.<\/p>\n

Bitcoin (BTC), which rose more than 8% the day prior, dipped about 4% below $80,000 again on Thursday. The decline in bitcoin came alongside a renewed plunge in the Nasdaq, which was lower by 5.5% following yesterday’s 12% rally as traders are assessing U.S. President Donald Trump\u2019s next steps in his tariff policy.<\/p>\n<\/p>\n

\"\"<\/p>\n

Crypto stocks also took a hit. MicroStrategy (MSTR) was down 11.2%, and Coinbase (COIN) and Marathon Digital (MARA) fell 8.1% and 9.3%, respectively.<\/p>\n

Already sharply lower on the session, the stock sell-off escalated after a tweet<\/a> circulated saying that a White House official confirmed that the total tariff rate on China now stands at 145%, not 125% as President Trump stated yesterday.<\/p>\n

The Executive Order details that the \u201creciprocal\u201d tariff rate surged from 84% to 125% overnight. When combined with the existing 20% tariff on fentanyl-related goods, the total rate reaches 145%.<\/p>\n

China, in a bid to strike at Trump\u2019s initial tariffs, said it would reduce imports of American movies, intensifying the trade war between the two countries.<\/p>\n

Meanwhile, gold is soaring up 3% and hitting a new all-time high of $3,168. The DXY index, which measures the U.S. dollar against a basket of foreign currencies, has dropped below 101, effectively reversing its entire November rally, and now down 9% from the January highs.<\/p>\n

Politically charged environment<\/h5>\n

“The macro outlook is anything but secure,” said Kirill Kretov, senior expert at crypto trading automation platform CoinPanel. “This is a politically charged environment, where headlines have the power to reshape sentiment almost instantly.”<\/p>\n

“A key swing factor now is trade policy,” Kretov added, with the Trump administration’s ever-changing tariff policies adding to concerns about inflation. “Any escalation on this front would complicate the Fed\u2019s decision-making and potentially derail the current market narrative,” he said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After U.S. markets enjoyed a brief gasp of relief on Wednesday, charts got ugly again on Thursday as focus shifted to a potential bigger conflict between the U.S. and China. Bitcoin (BTC), which rose more than 8% the day prior, dipped about 4% below $80,000 again on Thursday. The decline in bitcoin came alongside a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21544","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21544"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21544\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}