The turbulent March has finally come to an end, and the day of tariff liberation is approaching, with the market on high alert.

As the U.S. President Trump approaches the "Tariff Liberation Day" on April 2, volatility in the U.S. stock market has increased, with the S&P 500 index briefly hitting a six-month low before closing up 0.55%. The Nasdaq closed down 0.14%. The turbulent month of March has finally ended, with all three major U.S. stock indices closing in the red for both the quarterly and monthly lines, and investment banks have also lowered their target prices. The top ten market capitalization Crypto Assets showed mixed performance, with Bitcoin consolidating between 81K and 84K, while ETH has repeatedly fallen below 1,800 USD, leaving many disappointed with the weak coin prices.

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The turbulent March has finally come to an end, and the three major U.S. stock indices all closed in the red for both the quarterly and monthly lines.

Gold prices have reached an all-time high. Due to Trump's suggestion that the U.S. may take measures to reduce crude oil exports from Russia, oil prices have risen. The index of the "Seven Giants" has widened its decline this quarter to 16%.

The turbulent March has finally come to an end, with the S&P 500 index accumulating a fall of 5.8%, marking the largest monthly decline since December 2022. The Nasdaq index plunged 8.2%, while the Dow closed down 4.2% for the month.

In the first quarter of 2025, the S&P 500 index fell by 4.6%, ending a five-quarter rising trend. The NASDAQ dropped by 10.4%, while the Dow Jones fell by 1.3%.

Trump's "Tariff Liberation Day" on April 2 approaches, Wall Street lowers S&P target price.

Traders are uneasy about the new tariffs that the Trump administration is set to announce on Wednesday, as they try to avoid the biggest risks the market has faced in years.

Trump's spokesperson stated that the statement will feature tariffs "based on the nation," but he added that the president is also "committed" to implementing industry tariffs at other times.

A survey conducted by 22V Research shows that 73% of surveyed investors believe that uncertainty will not peak on Wednesday.

The research firm Yardeni Research has lowered its year-end forecast for the S&P 500 index from 6,400 points to 6,000 points. Yardeni stated, "A pleasing outcome would be that the United States is willing to negotiate on lowering tariffs, but if the U.S. imposes a 20% tariff on all imported goods, then this outcome will not be achievable."

Goldman Sachs has also lowered its year-end target for the S&P 500 index from the previous 6,200 points to 5,700 points.

The top ten large cap crypto assets show mixed fluctuations.

The top ten market capitalization crypto assets are fluctuating, with Bitcoin consolidating between 81K and 84K. Crypto assets traders are flocking to the options market to hedge against the risk of further price falls. The open interest for put options with a strike price of 80,000 USD is the highest among contracts expiring on April 4, indicating an increasing demand for downside protection.

( 4/2 "Tariff Liberation Day" is approaching, and Bitcoin is facing the 80,000 defense battle )

ETH has recently fallen below 1,800 USD, and the weak coin prices have disappointed many. Well-known crypto analyst 0xLoki released the latest data tracking the Ethereum (ETH) ecosystem, which shows that in the first quarter of 2025, the ETH ecosystem will collapse entirely, with almost no sector maintaining positive growth. However, DeFi analyst DefiIgnas and user fabdarice offered an alternative perspective, emphasizing that the value of L1 blockchains cannot be assessed solely based on transaction fees; key factors such as decentralization and ecosystem maturity should also be considered.

( Is the decline in transaction fee revenue a sign of decay? Ignas: The intrinsic value of Ethereum has already been reshaped in the evolution ).

Source: CoinGecko

This article The turbulent March has finally come to an end, the day of tariff liberation is approaching, and the market is seriously awaiting it. First appeared in Chain News ABMedia.