US stocks fell sharply near circuit breaker! Non-farm payrolls surged by 228,000, exceeding expectations, Bitcoin has pumped above 84,000, becoming a safe haven for funds?

The U.S. added 228,000 jobs in March stronger than expected, but the unemployment rate rose to 4.2%, creating a "strong with weak" pattern, and the four major indexes of U.S. stocks tumbled more than 5% due to rising Sino-US trade tensions. In contrast, bitcoin bucked the trend and stood firm at $84,000, highlighting its safe-haven nature. (Synopsis: US non-farm payrolls data is coming tonight!) Analysis: Bitcoin is severely oversold, labor market is weak or cryptocurrencies rebound) (Background supplement: Bloomberg scolds Trump tariffs for "defying market wisdom": mistakes are paid by the United States, and the door to the worst world has been opened) The U.S. Department of Labor released the latest employment data yesterday (4) evening, showing that the number of new non-farm payrolls in March reached 228,000, not only much higher than the previous value of 117,000, but also significantly exceeded market expectations of 130,000, the strongest performance in nearly three months, highlighting that the US labor market is still hot. However, during the same period, the unemployment rate rose slightly to 4.2% from 4.1% in February, the highest since November last year, and slightly higher than market expectations, forming a contradictory pattern of "strong with weak" employment data. The release of this set of data comes at a time when US President Donald Trump is pushing for reciprocal tariffs, sparking trade tensions, and the overall economic outlook is still shrouded in uncertainty, which also adds to the uncertainty of whether the US Federal Reserve (Fed) can cut interest rates as scheduled. Bauer: The labor market is not a source of inflation In this regard, Federal Reserve Chairman Powell pointed out in a statement last night that the data shows that the economy maintains solid growth, the labor market is in a "good balance", and inflation is still slightly above the policy target of 2%. He added that new federal policies, especially trade-related measures, have weakened business expectations and increased economic uncertainty. Bauer emphasizes: "We are closely looking at the relationship between hard and soft data. The unemployment rate is still at an all-time low, and the labor market is not a source of inflation." U.S. stocks plunge close to the edge of circuit breaker At the same time, China yesterday announced a 34% retaliatory tariff on all U.S. imports, and the Sino-US trade war has escalated across the board, causing high market concern. Amid both geopolitical and interest rate policy uncertainty, U.S. stocks plunged across the board last night, with all four major indexes down more than 5%: The Dow Jones Industrial Average fell 2,231.07 points (-5.50%) to close at 38,314.86 points, its biggest drop since June 2020 The S&P 500 plunged 322.44 points (-5.97%) to close at 5,074.08 points, its worst day since the outbreak of the pandemic in March 2020 The Nasdaq fell 962.82 points (-5.82%), closing at 15,587.79 points Philadelphia Semiconductor Index fell even more as much as 7.60%, closing at 3,597.655 points In individual stocks, TSMC ADR fell 6.72%, and Apple and Nvidia both fell more than 7%. Source: finviz Bitcoin bucks the trend, safe-haven attributes attract attention again It is worth noting that while US stocks fell sharply, Bitcoin showed resilience. According to Binance spot data, bitcoin rebounded after touching $81,849 last night, reaching a maximum of $84,620, and remained stable around $84,000 before writing, up 1.37% in the past 24 hours. The performance of Bitcoin's "decoupling" from traditional assets has sparked heated discussions in the market, and some proponents have once again put forward the thesis of "Bitcoin as a safe-haven asset", which has become one of the few bright spots in the market turmoil of the past 24 hours. Related reports Trump tariffs hit bitcoin mining companies: new imports of ASIC mining rigs will rise 5 to 10 times, and concept stocks all plummeted JPMorgan Chase warned of "Trump tariff risk": the probability of global recession increases to 60%, and U.S. inflation will get out of control U.S. stocks crashed to a record, and the Fei Half Index plunged 10%! Trump: There is no need to talk about tariffs unless they provide something great for the United States 〈U.S. stocks plummeted near circuit breaker! Non-farm payrolls surged by 228,000 people more than expected, and bitcoin rose above 84,000 magnesium into a safe haven for funds? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".