U.S. Stock And Crypto Markets Experience Turbulence Amid Economic Uncertainty

According to BlockBeats, the U.S. stock market experienced volatility last week, influenced by weak economic data and U.S. President Donald Trump's tariff policies. The three major indices collectively closed lower, with the Dow Jones Industrial Average falling by 2.37%, the S&P 500 dropping approximately 3.1%, marking its worst weekly performance since September of last year, and the Nasdaq Composite declining by 3.41%, entering a correction phase after falling more than 10% from its recent peak. Major technology stocks showed poor performance, with Nvidia's market value shrinking by $1 trillion from its historical high, and Tesla retreating over 46% from its peak. The cryptocurrency market also saw intensified declines. The Bitcoin strategic reserve signed by President Trump fell short of expectations, and the White House crypto summit was largely filled with pleasantries, failing to provide any surprises to the market, exacerbating the downturn. Bitcoin lost several key support levels, reaching a low of $80,000, with a seven-day decline expanding to nearly 12%, and was reported at $82,150 at the time of writing. Other major cryptocurrencies like Ethereum experienced even sharper declines, with market sentiment plunging. Trump's tariff policies remain unpredictable, and last week's non-farm payroll data did not offer a clear economic outlook, increasing market fatigue over uncertainty and putting continuous pressure on risk assets. This week, investors are focusing on the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) inflation data, which will directly impact the Federal Reserve's interest rate decision on March 18-19.