{"id":113197,"date":"2025-03-28T11:02:56","date_gmt":"2025-03-28T07:02:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113197"},"modified":"2025-03-28T11:02:58","modified_gmt":"2025-03-28T07:02:58","slug":"bitcoin-drops-as-trade-war-concerns-grow-markets-await-key-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-drops-as-trade-war-concerns-grow-markets-await-key-inflation-data\/03\/28\/market-updates\/","title":{"rendered":"Bitcoin Drops as Trade War Concerns Grow; Markets Await Key Inflation Data"},"content":{"rendered":"\n

<\/h3>\n\n\n\n

Bitcoin fell 1.6% to $85,910.50<\/strong> on Friday, mirroring a broader risk-off sentiment<\/strong> as global trade tensions escalated ahead of U.S. reciprocal tariffs<\/strong>. Investors are also cautiously awaiting the PCE inflation report<\/strong>, a key indicator for the Federal Reserve\u2019s rate outlook<\/strong>.<\/p>\n\n\n\n

Bitcoin Reacts to Trade War Fears<\/strong><\/h3>\n\n\n\n

President Donald Trump\u2019s decision to impose a 25% tariff on all foreign-made cars and auto parts<\/strong> starting April 2<\/strong> has intensified global trade concerns. In response, Canadian Prime Minister Mark Carney<\/strong> declared that the U.S.-Canada trade relationship is “over”<\/strong>, signaling possible retaliatory tariffs.<\/p>\n\n\n\n

Additionally, Trump is set to enforce reciprocal tariffs on major U.S. trading partners<\/strong> on April 2, further increasing fears of a global trade war<\/strong>.<\/p>\n\n\n\n

The impact on financial markets:<\/p>\n\n\n\n

    \n
  • U.S. stock indexes declined on Thursday<\/strong><\/li>\n\n\n\n
  • Most Asian stock markets slumped on Friday<\/strong><\/li>\n\n\n\n
  • Gold hit a record high<\/strong>, as investors sought traditional safe-haven assets<\/li>\n<\/ul>\n\n\n\n

    Bitcoin, often seen as a risk asset<\/strong>, faced selling pressure<\/strong> amid this uncertainty.<\/p>\n\n\n\n

    Fed\u2019s Interest Rate Path Uncertain Amid Inflation Concerns<\/strong><\/h3>\n\n\n\n

    Markets are closely watching Friday\u2019s PCE inflation data<\/strong>, the Federal Reserve\u2019s preferred inflation gauge.<\/p>\n\n\n\n

      \n
    • The Fed held rates at 4.25%\u20134.5% in March<\/strong> due to economic uncertainty<\/strong>.<\/li>\n\n\n\n
    • Policymakers project two rate cuts this year<\/strong>, but Trump\u2019s tariffs could complicate inflation trends<\/strong>, potentially delaying those cuts.<\/li>\n<\/ul>\n\n\n\n

      Altcoins See Sharper Declines<\/strong><\/h3>\n\n\n\n

      Altcoins extended losses as risk sentiment deteriorated:<\/p>\n\n\n\n

        \n
      • Ethereum (ETH)<\/strong>: $1,926.96 (-4.8%)<\/strong><\/li>\n\n\n\n
      • XRP<\/strong>: $2.2629 (-4.2%)<\/strong><\/li>\n\n\n\n
      • Solana (SOL)<\/strong>: -3%<\/strong><\/li>\n\n\n\n
      • Cardano (ADA)<\/strong>: -3.5%<\/strong><\/li>\n\n\n\n
      • Polygon (MATIC)<\/strong>: -9%<\/strong><\/li>\n<\/ul>\n\n\n\n

        Meme tokens also struggled:<\/p>\n\n\n\n

          \n
        • Dogecoin (DOGE) fell 6.2%<\/strong><\/li>\n\n\n\n
        • $TRUMP token plunged 8%<\/strong><\/li>\n<\/ul>\n\n\n\n

          With reciprocal tariffs set for April 2 and inflation data looming<\/strong>, market volatility is expected to remain elevated<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Bitcoin fell 1.6% to $85,910.50 on Friday, mirroring a broader risk-off sentiment as global trade tensions escalated ahead of U.S. reciprocal tariffs. Investors are also cautiously awaiting the PCE inflation report, a key indicator for the Federal Reserve\u2019s rate outlook. Bitcoin Reacts to Trade War Fears President Donald Trump\u2019s decision to impose a 25% tariff …<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-113197","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113197"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113197\/revisions"}],"predecessor-version":[{"id":113198,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113197\/revisions\/113198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}