Daily Market Brief•Apr 9, 2025

Daily Market Brief 250409

  • As the White House confirms that 104% tariffs on China have gone into effect, both equities and the broader stock market have crashed. As of now, $BTC is trading at $76,312, $ETH is trading at $1,473, and Bitcoin dominance stands at 63.36%.

  • The S&P 500 fell 1.57% and the NASDAQ dropped 2.15%, while the VIX spiked to 52, signaling heightened market volatility. The US 10-year Treasury yield stood at 4.34%, the dollar index (DXY) held at 102.981, and WTI crude slipped to $57.34.

  • A few other headlines include: Ripple acquiring Hidden Road for $1.25B, Binance delisting 14 projects through its first community vote, and SBI Holdings Inc. considering the sale of a minority stake in B2C2.

  • Over the past 24 hours, the top three gainers were $CORE, $NEO, and $KCS, while the top three losers were $SPX, $BERA, and $EOS.

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