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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Led by seven giants, the stock market is pushed up on buying at dips, while Bitcoin once again falls below the 100,000 level.
The Sino-US trade war officially begins, the US labor market slows down, and the stock market rises on buying at low levels. On Tuesday, the US stock market rebounded under the leadership of the seven giants to (2/4). BTC once again fell below the 100,000 level, reaching a low of $96,150 this morning. However, BTC's market share rose from a low of 54% in December to 61%, indicating that investors' preference may shift towards cryptocurrencies with a longer market history and a more mature follower base.
The Sino-US trade war has officially begun.
US President Donald Trump has postponed the plan to impose a 25% import tariff on Canada and Mexico for 30 days, but the 10% tariff on Chinese goods has already taken effect on the 4th of the US Eastern Time. China, unwilling to be outdone, has imposed a maximum 15% tariff on imported goods from the US starting from February 10th and has launched an anti-monopoly investigation against Google. The US-China trade war has officially begun.
(Is the global trade war about to break out? Trump's new tariffs have triggered strong backlash from multiple countries, and the global economy may face a new round of impact)
But this time, China only imposed tariffs on a small number of about 80 kinds of products (, worth about $14 billion, which is far from the $525 billion in the United States, showing that Xi Jinping has taken a more cautious attitude than Trump's first term.
US labor market slows down, buying on dips boosts the stock market
The latest data on job vacancies in the United States shows that the growth of the labor market is gradually slowing down. The number of JOLTS job vacancies in December was reported at 7.6 million.