PANews reported on March 26 that Augustine Fan, head of research at SignalPlus, said that despite continued concerns about the slowdown in the US economy, the market may gradually rebound from last week's downturn and is expected to maintain a moderate recovery before the end of the month. He pointed out that the "Liberation Day" tariff policy that Trump plans to announce on April 2 will be the next important catalyst. If the tariff policy is relatively mild, it may repair the recent technical losses of US stocks and drive a rebound in global markets, especially with the recent rise in EU and Chinese stock markets.
Fan also mentioned that cryptocurrencies will continue to closely follow the performance of the stock market in the short term and currently lack unique market drivers. However, the recent M&A dynamics of Coinbase and Kraken give people confidence in the long-term bull market prospects of the crypto market.
