News of Trump's tariffs hit the market again, causing US stocks and the cryptocurrency market to fall

News on March 27, Trump's tariff news once again hit the market. On Wednesday morning, rumors spread that Trump would announce tariffs on cars, causing U.S. stocks to fall in response. The three major indexes fell for the first time in nearly four trading days. The Dow Jones fell by 0.31%, and the S&P 500 dropped by 1.12%; Nasdaq plummeted by 2.04%, marking its largest single-day drop since March 11th. Tech stocks led the decline with Tesla and Nvidia falling more than 5%.

The cryptocurrency market volatility intensified, with Bitcoin dropping below $86,000 due to drag from US stocks but quickly rebounding after the close of US stock markets to report at $87,500 at press time - a slight decrease of 0.2% over a span of twenty-four hours . Other mainstream tokens mostly showed minor declines while Ethereum struggled to hold steady at $2000 USD.

Yesterday's JELLYJELLY event which drew attention has once again exposed how easily whales can manipulate the market and revealed that Hyperliquid is not truly decentralized as it claims.

After announcing unexpectedly weak consumer confidence on Tuesday, Trump announced after closing of U.S stock markets on Wednesday that he will impose a tariff of up to twenty-five percent on all imported cars.

At the same time "equivalent tariffs" will also be clarified within next few days.
Against backdrop where Trump administration is about to intensively implement tariff policies , two Federal Reserve officials issued shock warnings; Market worries about economic prospects have risen along with risk aversion sentiment.