Odaily Planet Daily News QCP posted on its official channel that the market continued to fall after the United States imposed a new round of tariffs on China. The total tariff on Chinese imports has now climbed to a staggering 104%.
Market volatility remains high, with the volatility index (VIX) remaining above 40 for the third consecutive trading day. Traditional safe-haven assets have failed to play their expected role, with both gold and U.S. Treasuries selling off as investors scramble to de-risk and respond to margin calls.
Against the backdrop of deteriorating risk sentiment in global markets, the cryptocurrency market is showing a correction. Bitcoin is currently consolidating at $75,000, but may be further affected by the stock market decline. Ethereum has performed relatively weakly, with prices falling back to $1,400, a new low since early 2023.
In the current environment of increased market volatility, cryptocurrency income strategies have regained market attention. Higher implied volatility provides market participants with opportunities to gain returns through structured transactions.