According to Crypto Rover, President Trump has privately discussed firing Fed Chair Powell, as reported by WSJ. This development could lead to increased volatility in the cryptocurrency markets, as investors may react to potential shifts in U.S. monetary policy. Traders should monitor Bitcoin and Ethereum closely, as these assets often respond to macroeconomic changes. Source: Crypto Rover.

According to The Kobeissi Letter, the initial announcement from a WSJ report about a 10% baseline tariff by the US led markets to believe all tariffs would be 10%. However, President Trump later clarified that many tariffs would exceed 10%, affecting market sentiment significantly.

According to The Kobeissi Letter, the market initially reacted to a Wall Street Journal report indicating a 10% baseline tariff would be imposed by the U.S. Traders misinterpreted this as all reciprocal tariffs being set at 10%, leading to temporary market stability. However, President Trump's subsequent announcement of additional tariffs above 10% introduced significant volatility, affecting trading decisions.

According to The Kobeissi Letter, markets have been adjusting to reduced tariff uncertainty over the past week, particularly following a Wall Street Journal report on March 24th suggesting potential tariff 'leeway.' However, recent developments have shifted market sentiment, providing a 'reality check' for traders. This shift indicates that the market's previous pricing strategies might need reassessment due to the evolving geopolitical landscape.