Here’s why Bitcoin, Altcoins and Stock Exchange and Stock Exchange still fell on Friday

Bitcoin, AltCOins and Stock Exchange and Stock Exchange continued on Friday on Friday as the trading war between the United States and China.

Bitcoin (Btc) The price fell to 82,000 USD, deleting some gains made during Asian and European markets. Ethereum (El) fell below $ 1,800, while market cap of all coins fell to $ 2.64 trillion.

The performance on the stock market was even worse as the future related to the brought Jones, S & P 500, and NASDAK 100 indices that have strayed by over 3%. This means that these indices of blue chips have moved into correction.

Trading war escalates

Bitcoin, Altcoini and capital capital decreased after China announced his retaliation against the United States in the statement, in Beijing he said that it would state 34% tariff on all goods imported from the US

In addition, China will limit the export of certain minerals of rare countries, Halt Sorghum Imports of American companies and added 11 American companies to her unreliable entity list.

These measures indicate the most significant response to Donald Trump Release tariffs. Other countries, especially those in Europe, called for negotiations on preventing war from spreading.

Trump and senior officials warned that the United States would deliver reciprocal tariffs on any country of retaliation. They called for trading partners to make their tariffs and non-tariff barriers instead.

Therefore, Bitcoin, AltCOins and Stock Exchange and Stock Exchange fall because these actions lead to higher chances for recession. Data polyMarket It shows that traders reinforced their recession at 56%. Companies like Goldman Sachs and Pimco are also reinforced their recession cables.

These fears pushed market feelings in extreme territory. CNN Fear Fear and greed index dropped to 6, the lowest reading from the beginning of Savid-19 pandemic.

The pessimism of the investor has increased after a billionaire and former King Bond Barn Gross Fros warned against the purchase of the flood. He said:

“Investors should not try to catch the falling knife. This is an epic economic and market event similar to 1971. and the end of the gold standard, except with immediate negative consequences.”

Bitcoin, Altcoini and Stock Exchange falls after NFP data

The markets are also weakened after the United States published the latest reports on the Nefarm of Payrolls (NFP). The data showed that unemployment rose to 4.2% in March, more than 4.1% in February.

The economy added 228,000 jobs, beating the medium forecast of 137,000 analysts. However, the manufacturing sector, which Trump aims to protect its tariff policy, has created only 1,000 jobs.

These figures are likely to have a minimal impact on federal reserves, which further focuses on the growth of inflation and GDP.

Meanwhile, the bond market signals lower interest rates expectations. The ten-year yield for cashiers dropped to 3.89%, while 30-year yields refused to 4.38% and 3.5%, respectively. If the decrease rate feeds, it would probably be Bilcoin, AltCOINS and the wider stock market market.