QCP Capital： The global trade war is escalating, causing extreme panic in the risk asset market

Singapore's cryptocurrency investment firm QCP Capital has issued a statement stating that as the global trade war intensifies, the market is in turmoil. Despite the heavy pressure on the US stock market last week, Bitcoin remained largely unaffected over the weekend. However, this resilience did not last long. During the early trading session in Asia, cryptocurrencies plummeted, with Bitcoin falling below $80000 and plummeting to a low of $74500. In just the past 24 hours, the settlement amount of Bitcoin and Ethereum has exceeded $800 million. As the market continues to fall into correction zones, the implied volatility of Bitcoin and Ethereum surged above 85% and 130% respectively on Friday, prompting the market to seek hedging against downside risks. The Fear Index (VIX) has surged above 60, indicating extreme panic in the risk asset market. With only two days left until the implementation of the tariff increase measures on April 9th, the global economy is on the brink of a full-scale economic war. It is worth noting that Trump's "all-out effort" seems to be triggering responses from all parties, with reports that more than 50 countries have actively sought to open trade negotiations. However, as countries compete to seek negotiating seats, market tension is likely to continue. President Trump, who showed no intention of backing down, stated that he&34; I don't want the stock market to fall, but sometimes I have to take medication to treat my illness;. If substantial progress is not made by Wednesday, it could be a test of confidence and credibility in the US economy, a bitter pill for the global market, and even for Trump himself.