QCP Capital: The global trade war is intensifying, and risk asset markets are extremely panicked

Odaily Planet Daily News QCP Capital published an article stating that as the global trade war intensifies, the market is in turmoil. Although the US stock market has been under heavy pressure last week, Bitcoin was largely unaffected over the weekend. However, this resilience did not last long. In the early Asian trading session, cryptocurrencies plummeted, with Bitcoin falling below $80,000 and plummeting to a low of $74,500. In the past 24 hours alone, the liquidation amount of Bitcoin and Ethereum exceeded $800 million. As the market continues to fall into the correction zone, the implied volatility of Bitcoin and Ethereum on Friday soared to more than 85% and 130%, respectively, and the market sought to hedge downside risks. The fear index (VIX) soared to more than 60, indicating extreme panic in the risk asset market. With only two days left before the implementation of the tariff increase measures on April 9, the global economy is on the verge of a full-scale economic war. It is worth noting that Trump's "all-out" seems to be triggering responses from all parties, and there are reports that more than 50 countries have taken the initiative to seek to start trade negotiations. However, as countries scramble for a seat at the table, market tensions are likely to persist. President Trump, who has shown no sign of backing down, said he "doesn't want the stock market to go down, but sometimes you have to take medicine." If no substantial progress is made by Wednesday, the test of confidence and credibility in the U.S. economy could be a bitter pill to swallow for global markets and even Trump himself.