Non-agricultural and Trump's continuous impact on the market, US stocks and cryptocurrency markets continue to decline

News from February 10th, the US non-farm data for January was mixed. The number of new jobs added in the month was lower than market expectations, but a decrease in unemployment rate and strong wage growth indicate that the labor market is still healthy. This did not provide more room for the Federal Reserve to cut interest rates. At the same time, Trump announced that he will announce "reciprocal tariffs" on other countries this week, once again shaking the market. According to 4E monitoring, after three consecutive days of gains last week, US stocks fell across the board on Friday and dragged down major indices for two weeks in a row. The SP 500 index fell by 0.24% last week, Dow Jones Industrial Average fell by 0.54%, and Nasdaq Composite Index fell by 0.53%.

Last week only Nvidia and Meta among large tech stocks ended higher while Tesla plunged by 10.62%, marking its worst weekly performance since October last year.The cryptocurrency market continued to fluctuate downwards.Trump's tariff policy increased market uncertainty and risk aversion sentiment.Bitcoin struggled to rebound after a significant correction.Currently,it is generally fluctuating around $96k,having fallen over 4% over past week.Under Bitcoin's influence,Ethereum along with many altcoins took a big dive.Many investors exited either voluntarily or involuntarily during downturn.

The previously closely watched AI and MEME sectors became heavily hit areas in this round of decline.However,during market downturn,institutional funds kept flowing into Bitcoin spot ETFs netting an inflow of $200 million,and Ethereum spot ETFs netting an inflow of $420 million.In terms of forex commodities,the dollar index fluctuated downward last week.Although non-farm data on Friday and Trump's tariff remarks led to some recovery,the overall weekly drop was still at .33%.Market worries about potential trade war possibly weakening oil demand led to US crude falling over 2% last week.Meanwhile,the escalation of trade war drove the safe-haven demand for gold,with spot gold rising over 2% last week.Recently,Trump's tariff policy and reactions it triggered from various countries have dominated current market trends.The market uncertainty has led funds to choose a wait-and-see approach and maintain a cautious attitude towards a series of risk events.