BTC
$77,079.75
–
7.70%
ETH
$1,547.97
–
14.56%
USDT
$0.9994
–
0.05%
XRP
$1.7719
–
16.93%
BNB
$545.73
–
7.97%
USDC
$1.0001
–
0.01%
SOL
$102.02
–
15.20%
TRX
$0.2260
–
4.40%
DOGE
$0.1415
–
15.66%
ADA
$0.5509
–
14.84%
LEO
$8.9196
–
2.54%
TON
$3.0145
–
7.65%
LINK
$10.99
–
14.32%
AVAX
$15.94
–
8.98%
SHIB
$0.0₄1103
–
10.12%
XLM
$0.2112
–
16.34%
SUI
$1.8698
–
14.69%
OM
$5.9460
–
3.80%
HBAR
$0.1343
–
15.98%
BCH
$265.04
–
10.97%
By Omkar Godbole|Edited by Parikshit Mishra
Apr 7, 2025, 5:39 a.m.
- Beijing is considering advancing monetary stimulus to mitigate the effects of President Trump’s tariffs on the Chinese economy.
- Goldman Sachs predicts 130 basis points in Fed rate cuts for 2025, while the Reserve Bank of Australia is expected to implement four rate cuts.
Beijing is said to be discussing front-loading monetary stimulus to counter the destabilizing impact President Donald Trump’s tariffs on the Chinese economy, according to data source Trade The News.
The reports come a day after Trump said he won’t make a trade deal with China unless the trade deficit is solved. Financial markets have crashed with bitcoin falling under $80K since Trump announced gigantic reciprocal tariffs Thursday, boosting trade tensions.
STORY CONTINUES BELOW
Goldman Sachs now expects a total of 130 basis points in Fed rate cuts for 2025, up from 105 basis points late last week. The Reserve Bank of Australia is expected to deliver four rate cuts.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
