Recent economic data has fueled anxieties about the U.S. economy, particularly concerns about consumer spending and potential inflation caused by tariffs. This has impacted the stock market significantly, resulting in a notable decline across major indices including the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, and Magnificent 7 tech index. The cryptocurrency market also mirrored this trend, with Bitcoin dropping from its high of nearly $89,000 to around $81,884 after news regarding President Trump’s tariff actions and the release of PCE data. Ethereum prices fell below $1,800, nearing new lows, while other major cryptocurrencies also experienced losses. Overall market sentiment remains subdued as uncertainty surrounding Trump’s tariffs persists. The upcoming release of U.S. March non-farm payroll report on Friday evening along with comments from Federal Reserve Chair Jerome Powell could provide crucial insights for the market.