Dear friends in the crypto world, this week (April 1-5) is truly turbulent, with two major events acting like two "nuclear bombs," directly determining the fate of Bitcoin, altcoins, and even Chinese concept stocks. Everyone should be alert and make careful choices.
The first "nuclear bomb": Trump’s tariff list arrives on April 2.
Trump has previously stated that he would impose tariffs on Chinese electric vehicles and the photovoltaic industry, up to 25%, and this list may be officially announced on April 2. Once this news is confirmed, it will truly be a "shaking earth and mountains."
First of all, Chinese concept stocks are definitely going to suffer. Do you remember how on March 28, after the tariff news broke, NIO and Xpeng plummeted over 5%, and Kingsoft Cloud fell 8%? That scene was truly unbearable. If this time the tariffs really take effect, Chinese concept stocks are likely to face another "bloody storm."