Bitcoin fearlessly returns to 84,000 USD! U.S. consumer confidence hits the second lowest in 73 years, inflation expectations soar to a 44-year high.

Uncertainty about U.S. trade policy had a significant impact on market sentiment, with the University of Michigan's consumer confidence index plummeting to 50.8 in April, the second-lowest since 1952, and inflation expectations rising sharply, but U.S. stocks closed higher across the board on Friday, and bitcoin briefly rose above the $84,000 mark this morning. (Summary: The probability of the Fed cutting interest rates in March has increased, but why did bitcoin and U.S. stocks not rise and fall? (Background added: Fed officials: Fed will not be forced to cut tariffs, inflation indicators are at risk... Will a lower dollar be good for Bitcoin? U.S. President Trump suspended the implementation of reciprocal tariffs for 75 countries for 90 days on the 9th, but the United States and China continued to impose tariffs on each other in turn, and the trade tensions between the two major global powers continued to shake global markets, and the latest data showed that U.S. economic confidence has plummeted, inflation doubts have risen, and risk sentiment continues to rise. According to the latest survey released by the University of Michigan on Friday, the US consumer confidence index plummeted from 57.0 in March to 50.8 in April, the second lowest since 1952 and only higher than the 50.0 in May 2022, which fell 10.9% from the previous month and 34.2% from the same month last year. Weak consumer confidence has been accompanied by a sharp rise in inflation expectations, which surged from 5% in March to 6.7% in April, the highest level since November 1981, and 5-year inflation expectations rose to 4.4%, up 0.3% from March and the highest level since June 1991. Affected by the data, investors sold US long-term Treasuries and the US dollar, two assets often seen as safe havens, the 10-year US Treasury yield briefly broke 4.55% on Friday, up more than 50 basis points in a week, while the dollar index fell below the 100 mark, hitting a three-year low. U.S. stocks, bitcoin rose However, U.S. stocks closed higher across Friday as Trump was optimistic about a trade deal between the United States and China, and major banks ushered in the first quarter earnings season: The Dow Jones Industrial Average rose 619.05 points, or 1.56%, to close at 40,212.71 points. The Nasdaq rose 337.14 points, or 2.06%, to close at 16,724.46. The S&P 500 rose 95.31 points, or 1.81%, to close at 5363.36. The Philadelphia Semiconductor Index rose 97.61 points, or 2.51 percent, to close at 3,990.90. At the same time, the cryptocurrency market also showed an upward trend, bitcoin fell below $79,000 on the 10th, continued to rebound for several days, peaked at $84,300 at 5 a.m. this morning, and then fell slightly, to $83,198 before the deadline, up 4% in 24 hours. Related reports Trump gave a 90-day tariff grace period" Bitcoin knocked 83,000 US dollars, and the fee soared by 18%, the largest one-day increase in history Trump announced the suspension of reciprocal tariffs for 90 days! Bitcoin broke through 81,000, U.S. stocks soared by more than 11%, and the U.S. bitcoin mining crash "actually made a profit?" Mining experts: Trump's tariffs will make mining machines in other countries super cheap 〈Bitcoin is not afraid of tariffs to return to 84,000 magnesium! U.S. consumer confidence hit the second lowest in 73 years, inflation expectations soared to a 44-year high" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".