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The US stock market is still processing the latest events, as Trump’s tariff pause leads to recovery, while Bitcoin is back above $82,000. Major stock indices are is still recovering from the panic brought on by the escalating U.S. trade war. On April 11, the S&P 500 gained 43.75 points, up 0.83%, reaching 5,531. At the same time, the Nasdaq was at 16,555.96, up 168.65 points or 1.02%, while the Dow Jones was at 39,910, up 0.80% or 316.40 points. The relatively stronger performance of the tech-heavy Nasdaq suggests that investors are ready to take on more risk. For this reason, crypto prices have increased as well, with Bitcoin (BTC) up 4.47%, trading at $82,708. Ethereum (ETH) is also recovering, increasing 5.68% to $1,587.01. Still, lingering issues persist, and stocks corrected after the release of consumer sentiment figures. The University of Michigan survey puts consumer sentiment at 50.8 points compared to 57.0 in March. The figure was worse than the Dow Jones estimate of 54.6, down 34.2% year over year. According to the same survey, inflation fears are likely to blame for lower consumer confidence. Year-ahead inflation expectations rose to 6.7%, up from 5.0% the month prior. This uncertainty over inflation is making consumers more nervous about their finances. Lingering fears over inflation, trade, and a potential recession are also impacting the bond market. Yields on 10-year treasuries rose to 4.466% , indicating a lack of liquidity in the market. This is particularly the case for foreign holders, concerned over the political and economic uncertainty under Donald Trump’s administration. “There is real pressure across the globe to sell Treasuries and corporate bonds if you are a foreign holder. There is a real global concern that they don’t know where Trump is going.” said Peter Tchir, head of US macro strategy at Academy Securities. =

On Friday, April 11, U.S. stock markets showed resilience, recovering from earlier losses driven by escalating trade tensions and inflation worries. U.S. stocks climbed despite early week volatility , as consumer sentiment dropped and 10-year Treasury yields rose, while investors digested new tariff developments in the U.S.-China trade dispute. The S&P 500 gained 1.81% after fluctuating throughout the day. The Nasdaq Composite also swung between gains and losses before finishing up 2.0% while the Dow Jones Industrial Average jumped over 1.5%. Bitcoin ( BTC ) briefly traded above $84,000 before settling at $83,796 at the time of writing. Concerns lingered over the U.S.-China trade dispute. China’s recent decision to raise tariffs on U.S. goods to 125% in response to the U.S.’s 145% tariff hike has intensified market volatility. Investor sentiment was bolstered by JPMorgan Chase’s robust earnings report, which surpassed expectations with an EPS of $5.07 on $45.31 billion in revenue. However, CEO Jamie Dimon cautioned about “considerable turbulence” due to ongoing economic uncertainties. In commodities, gold futures surged to a new record above $3,200 as investors sought safe-haven assets amid market uncertainty. Looking ahead, investors remain cautious, balancing strong corporate earnings against geopolitical tensions and inflationary pressures . The market’s ability to navigate these challenges will be crucial in the coming weeks.

In his annual letter to shareholders, released today, JPMorgan Chase CEO Jamie Dimon expressed some concerns about the potential economic repercussions of President Donald Trump’s recent tariff implementations. Dimon warned that these tariffs could exacerbate inflation and impede economic growth, emphasizing the urgency of resolving trade uncertainties swiftly to prevent long-term damage to consumer confidence and corporate profitability. “As for the short-term, we are likely to see inflationary outcomes, not only on imported goods but on domestic prices, as input costs rise and demand increases on domestic products,” Dimon wrote in relation to the tariffs. The newly introduced “reciprocal” tariffs include a baseline 10% tax on all imports, which has already triggered significant market volatility. U.S. stock futures experienced sharp declines, with the Dow Jones Industrial Average dropping approximately 800 points. This downturn extended globally, affecting markets in Europe and Asia. Dimon highlighted that while the U.S. economy was already showing signs of slowing prior to the announcement of these tariffs, the additional strain could compound existing challenges and potentially push the nation toward a recession. He noted that the negative impacts — such as diminished consumer confidence, reduced investments, lower corporate profits, and a weaker U.S. dollar — can accumulate and become increasingly difficult to reverse. Addressing the broader geopolitical implications, Dimon cautioned against an isolationist stance, stating that “America First” should not devolve into “America alone.” He underscored the importance of maintaining strong military and economic alliances, warning that fragmentation could weaken the U.S. and benefit adversaries. Dimon advocated for consistent, respectful engagement with allies and global partners to effectively compete with nations like China, particularly in areas such as artificial intelligence and semiconductor technology. The cryptocurrency market has not been immune to these developments. Bitcoin ( BTC ), for instance, fell to its lowest level since November, trading at around $78,500 at the time of writing. This decline has had a cascading effect on cryptocurrency-related stocks, with companies like MicroStrategy, Marathon Digital, Riot Platforms, and Coinbase experiencing significant losses. Dimon’s skepticism toward cryptocurrencies is well-documented . He has previously questioned the tangible benefits of crypto assets, noting that despite over a decade of discussion, they have yet to deliver substantial value. While acknowledging the potential of blockchain technology, Dimon has consistently expressed doubts about the viability of cryptocurrencies themselves.

It’s the fourth day after US President Donald Trump’s announcement of retaliatory tariffs on April 2nd, the so-called “Liberation day.” Stock markets across the world are tanking in what seems to be clear anticipation of an extended international trade war. As CryptoPotato reported on April 2nd, Donald Trump’s tariffs were imposed on literally all countries at a rate of 10%, with some of them facing even higher rates. China faces 34%, Vietnam – 46%, Japan – 24%, while the European Union was hit with 20% tariffs. Describing these as “reciprocal,” Trump has stated that the new taxes are needed to wipe out an existing deficit between the US and the rest of the world. What is more, imports will also be facing both the universal tariff of 10%, including the specific reciprocal import levies targeting each individual nation. International response was just as quick, with China announcing import taxes of 34% themselves, while also curbing exports of critical minerals and blacklisting American companies, while altogether saying that the actions of the US President are a form of “bullying,” as well as a violation of international trade rules. Tension between the US and other countries is also escalating, although many of them have chosen not to retaliate in hopes of negotiating better deals. Maroš Šefčovič, the trade commissioner for the European Union confirmed a “frank” exchange with US representatives, saying : “The EU is committed to meaningful negotiations, but also prepared to defend our interests. […] We stay in touch.” The stock market’s reaction came immediately, as major indices took a beating on April 2nd, which worsened as the week went by. Ultimately, on Thursday and Friday alone, the stock markets saw over $5 trillion in market cap erased, closing the worst week since the COVID crash. The S&P 500, for instance, lost over 6%, while the Dow Jones Industrial Average and Nasdq 100 “ended in a bear market,” as reported by the Business Insider. As seen in the chart, no sector was spared and tech giants such as Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), and so forth, all charting massive losses. For most parts during the past few months, turmoil across traditional stock markets also reflected in Bitcoin’s price, which was moving more or less hand in hand. This seems to have changed, at least for the past seven days. Amid the massive drawdown, Bitcoin has remained steady, charting a mild decrease of 0.3% for the past seven days, according to data from CoinGecko. As CryptoPotato reported earlier, many industry experts noted the detachment of the BTC price from traditional assets, with some of them even stating that it might be on the verge of noting gains in the coming weeks. “BTC positive divergence from gold and risk in past 24 hours is striking. Haven’t seen it to this extent in a long time,” wrote MacroScope.

The American businessman turned politician believes Bitcoin is a hedge against the current economic downturn, which has seen the benchmark index for stocks, the S&P 500, drop by over 13% since the year started. Ramaswamy gave his sentiments on the crypto in a reply to a late Friday X post by Tether CEO Paolo Ardoino. “This is becoming increasingly clear,” wrote the Ohio Gubernatorial seat aspirant. Although an investor could argue that Gold currently has better returns, as the crypto market is also in a bloodbath, BTC holds more value in a long-term comparison. If an investor had allocated $1,000 equally into Bitcoin, gold, and the S&P 500 five years ago, the latter would have doubled the initial investment to approximately $2,040. Gold could have yielded a slightly below 90% return, but Bitcoin has gone up 11 times in value since, bringing the same $1,000 investment to $12,210. A two-day post-Liberation Day market rout erased $6.6 trillion in shareholder value from the US stock market, according to Dow Jones data. Thursday and Friday marked the worst two-day loss in US equity market history, with $3.25 trillion of that value vanishing on Friday alone. At the same time, as reported by multiple sources, the crypto market absorbed $5.4 billion in new capital. The selloff came as a result of new tariffs announced by US President Donald Trump, which rattled investors and raised fears of economic isolation. The S&P 500 fell by nearly 6% over the two-day stretch, surpassing early-term losses seen under former President George W. Bush, whose first office days had a low-point market performance. The Dow Jones Industrial Average dropped 11.9% since Inauguration Day, while the S&P 500 has declined 15.4% in the same period, according to data through Friday’s close. The Russell 2000 index, focused on small-cap stocks, experienced its most turbulent start to a new administration on record, falling more than 25% from its November high and entering bear market territory. The Nasdaq Composite, which closed at an all-time high of 20,056.25 in February, has since plunged more than 22%. On the flip side, the BTC/SPX ratio, an indicator comparing Bitcoin’s performance to the S&P 500, recently completed an inverse head-and-shoulders pattern, typically a bullish signal in asset comparison charts. The pattern, seen in the chart above, has broken above a neckline at the 15 mark. After a standard pullback to retest the breakout point, the ratio rebounded and could lead to a renewed upward momentum for Bitcoin. It also corresponds with Bitcoin’s 2021 peak relative to the S&P 500, a zone that traders now view as the crypto’s support level. Adding to the bullish signal, the monthly chart displayed a green candle following the rebound, an indication that Bitcoin bulls have successfully defended this critical zone. Analysts noted that the demand range between 13 and 15 on the BTC/SPX ratio, marked by multiple support lines, has become a battleground now tilting in Bitcoin’s favor. “It seems like it has found a support/range, now that it has somewhat serious hodlers backing and interest like the Institutions and U.S govt SBR,” One market analyst on X commented . They backed the claim for two more reasons: Bitcoin faces no earnings compression and cannot be targeted by international tariffs. According to market data trackers, Bitcoin is consolidating well above $80,000, as tech stocks like Apple and Meta both shed over 2% of their valuations on Friday’s market close. Overall, BTC had the least negative price movement compared to all the Magnificent 7 tech stocks, closely followed by Microsoft. At the time of this publication, it was trading around $83,000, seeking a route past $85,000 that, if breached, could push the coin towards its 30-day high of values above $90,000. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now