The global trade tensions and imposition of new tariffs on steel and aluminum imports have led to a fragile market sentiment. The European Union has decided to retaliate by imposing tariffs on US goods. The VIX index, a measure of market volatility, rose before settling, indicating that markets may be nearing a bottom. The upcoming Consumer Price Index (CPI) report and its impact on Federal Reserve interest rate expectations are being closely watched by investors. In the cryptocurrency sector, the SEC has postponed its decision on several ETF applications and has scheduled a high-risk crypto regulation roundtable. Bitcoin ETFs have also seen net outflows, with investors remaining cautious amid macroeconomic uncertainties.



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