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Crypto "Safe Haven Myth" Shatters, 280,000 Traders Wiped Out
Bitcoin Plunge: Bitcoin tumbled 7% in 24 hours, briefly dipping below
77,000,whileEthereumcrashed1277,000,whileEthereumcrashed12877 million in crypto positions were liquidated in a single day, leaving 280,000 investors trapped in a "long squeeze." U.S. Treasury Secretary Bassettâs earlier claim that Bitcoin is "the new gold" backfired as skepticism grows over cryptoâséżé©ć±æ§ (safe-haven appeal).
On-Chain Data Divergence: Despite the crash, long-term holders remain steadfast, with Bitcoin reserves on exchanges declining. Stablecoin market caps rose against the trend, signaling potential bargain-hunting. 1 reply
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Tariff "Nuclear Bomb" Ignites Global Chaos, Commodities Collapse
Policy Shock: Trumpâs April 2 announcement of a 10% baseline tariff on all trading partnersâwith rates as high as 49% for some nationsâsparked fears of global supply chain ruptures. Retaliatory tariffs worldwide amplified volatility, stoking fears of stagflation.
Commodity Meltdown: WTI crude crashed below
60/barrel(4âyearlow),goldfellunder
60/barrel(4âyearlow),goldfellunder3,000, copper plunged 8% in a day, and traditional safe havens like the yen faltered.
Market Chaos Far From Over: Whatâs Next for Investors?
Wall Streetâs Gloom: Analysts warn that prolonged tariffs could slash S&P 500 profits by one-third, cripple private fundraising, and trigger a corporate bankruptcy wave.
Policy Countdown: U.S. Commerce Secretary confirmed tariffs will take effect on April 9. Markets cling to hopes of an 11th-hour reversal, but the White House remains defiant. 0 reply
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