Global stock markets opened lower for the fourth consecutive day as investors anxiously awaited President Donald Trump’s forthcoming announcement on new tariffs, scheduled for April 2. The uncertainty surrounding potential trade policies has led to heightened market volatility. Meanwhile, Bitcoin ETFs experienced a net inflow of $196 million last week, according to SoSoValue, while ether ETFs faced a contrasting trend, witnessing net outflows of just over $8 million
The downturn in global equities was evident on Monday, with major Asian indices recording significant losses. Hong Kong’s Hang Seng index dropped by 1.7% during the morning session, while Japan’s Nikkei 225 plummeted by 3.8%. Similarly, South Korea’s KOPSI index slid 3% as export-dependent economies grew increasingly concerned about their access to the U.S. market. The bearish sentiment extended to futures for U.S. and European stock indexes, reinforcing a broader sense of caution among investors.
Amid this turbulence, safe-haven assets saw a surge in demand. Gold reached an all-time high as traders sought stability, while U.S. Treasury yields declined due to increased investor interest in government bonds. Many portfolio managers worldwide have responded by reducing exposure to riskier assets or delaying major investment decisions, wary of the economic fallout that potential “reciprocal tariffs” might bring.
In the cryptocurrency market, large token unlocks are expected to impact liquidity this week. Data from Tokenomist.ai reveals that approximately $751.2 million worth of tokens, including SUI and DYDX, are scheduled for release. While this week’s unlock cycle remains moderate, a significant increase is anticipated in May, with nearly $4.4 billion worth of tokens set to be unlocked at current market prices.
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