🔥 US-China Trade War Escalates: 104% Tariffs Imposed Amid Retaliation

U.S. imposed sweeping 104% tariffs on Chinese goods, escalating an ongoing trade conflict. President Trump’s move came after China introduced 34% retaliatory tariffs. In response, China vowed to "fight to the end" and challenged the U.S. at the WTO. The standoff threatens global economic stability, with both nations facing internal pressures but showing no signs of backing down.

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Bitcoin fell below $77,000 this morning, reaching a low of $76,239, and is currently trading at $76,498, representing a 24-hour decrease of 4.38%. Ethereum fell below $1,500 this morning, reaching a low of $1,441, and is currently trading at $1,470, representing a 24-hour decrease of 6.11%.💰🔹

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If Bitcoin falls below $74,000, the cumulative long liquidation intensity of mainstream CEX will reach 476 million. On the contrary, if Bitcoin surpasses $78,000, the cumulative short liquidation intensity of mainstream CEX will reach 982 million.⚠️💰

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Placeholder Partner: Significant Support at $70,000 if Bitcoin Loses Current Level

Placeholder partner Chris Burniske posted on social media, stating, "If we lose the current level, the next Bitcoin support level to watch is $70,000, where there is significant support, at the high point of the 2021 cycle, as well as the range high points from March to October 2024."

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President Donald Trump claimed the U.S. is collecting $2bn per day from tariffs.

According to the Treasury, customs duties totaled around $7.25bn for the month of February.

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In response to new U.S. global tariffs, Bitcoin miners are rapidly importing equipment from regions like China, Malaysia, and Thailand, with some large companies chartering flights costing up to $3.5m per trip.

The U.S. has already imported over $860m worth of mining equipment in Q1 2025, and the new tariffs are expected to increase equipment prices by 22% to 36%.

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🗞 April 9, 2025 cryptocurrency news highlights

【Cryptocurrency】
🔥 US-China Trade War Escalates: 104% Tariffs Imposed Amid Retaliation

【Economy】
In response to new U.S. global tariffs, Bitcoin miners are rapidly importing equipment from regions like China, Malaysia, and Thailand, with some large companies chartering flights costing up to $3.5m per trip.

【Indicators】
If Bitcoin falls below $74,000, the cumulative long liquidation intensity of mainstream CEX will reach 476 million. On the contrary, if Bitcoin surpasses $78,000, the cumulative short liquidation intensity of mainstream CEX will reach 982 million.⚠️💰

【More】
President Donald Trump claimed the U.S. is collecting $2bn per day from tariffs.

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Trump authorized the suspension of tariffs for 90 days, and U.S. stocks rose straight with Bitcoin

After the news was released, the U.S. stock index rose sharply, the Nasad States index rose by more than 4%, the S&P 500 index rose by 3.3%, the Dow rose by 2.7%, and Bitcoin rose by 3.82%, and the current price is 80,799 USD.

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U.S. crypto stocks generally soared, MSTR rose more than 23%, and COIN rose 19.65%

MicroStrategy (MSTR) rose by 23.12%
Coinbase (COIN) rose by 19.65%
MARA Holdings (MARA) rose 17.63%
Riot Platforms (RIOT) rose by 12.18%

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The Federal Reserve's interest rate cut is expected to drop sharply.

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If Bitcoin breaks through $84,000, the cumulative liquidation intensity of mainstream CEX short orders will reach 637 million

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The U.S. stock market saw $5.5 tr in inflows as President Donald Trump paused reciprocal tariffs.

The Magnificent Seven stocks also showed a strong rebound following their sharp drop in the first week of April:

⚫ Meta (META): 14.76%
⚫ Microsoft (MSFT): 10.13%
⚫ Amazon (AMZN): 11.98%
⚫ Google (GOOGL): 9.88%
⚫ Apple (APPL): 15.33%
⚫ Nvidia (NVDA): 18.72%
⚫ Tesla (TSLA): 22.69%

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QCP: Suggests Trump Maintain Caution Even After Tariff Pause, Market Focus Shifts to Tonight's CPI Data

QCP released its daily market observation, stating that Trump announced last night the suspension of tariff policies, triggering a significant market rally: the S&P 500 index rose by 9.51%, and the Nasdaq index surged by 12.02%. Bitcoin saw an increase of 8.43%, while Ethereum rose by 13.38%.

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Elon Musk plans to turn X (Twitter) into an equivalent of China’s WeChat, with the company developing a messenger called XChat.

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🇨🇦 Canadian public company Neptune adds to its Bitcoin stack, now holding over 400 BTC 🔥

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The New Hampshire House of Representatives passed the Bitcoin Reserve Bill 🪙

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Arizona, officially passed the Bitcoin Mining Rights Act HB 2342, which protects anyone who runs nodes or mines digital assets from partitioning or use bans and restriction ⛏

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If Bitcoin breaks through $81,000, the cumulative liquidation intensity of mainstream CEX will reach 1.184 billion

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President repealed a late Biden-era crypto tax rule that required brokers to report user transactions to the IRS via Form 1099s, rolling back a key data-reporting mandate.

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Chinese State Council: The U.S. will become a laughingstock in the history of the world economy if it continues to impose additional tariffs

The Customs Tariff Commission of the State Council announced that the U.S. government has further increased the tariff rate of "counteracting tariffs" on Chinese goods imported into the U.S. to 125%. The U.S. unilateral escalation of exorbitant tariffs against China flagrantly violates international economic and trade rules, disregards the global economic order established by the U.S. itself after World War II, goes against basic economic principles and common sense, and is entirely a practice of unilateral bullying and coercion. China strongly condemns this.

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South Korea has postponed applying the Credit Information Act to crypto exchanges until December 1, 2025, granting a grace period with no penalties unless violations involve intent or gross negligence.

The Credit Information Act regulates the collection, use, and protection of personal and financial data. Its application to crypto would require exchanges to treat user transaction records as sensitive credit information.

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