Trump's new round of tariffs hits US stocks, US stocks fall from historical highs, Bitcoin remains stable at 108K

After U.S. President Trump announced tariff increases on major trading partners like Japan and South Korea, U.S. stocks fell from historical highs. BTC dropped from above 109K but maintained a relatively stable trend, closing at $108,295 before this report, while Ethereum remained above $2,500. The Bitcoin volatility index (DVOL) remained at a two-year low of 38.67, suggesting the era of dramatic crypto market swings may be over. President Trump sent tax rate letters to various countries on Monday, including: - 25% tariffs on goods from Japan, South Korea, and Malaysia - 32% tariffs on Indonesia; 35% tariffs on Bangladesh - 36% tariffs on Thailand and Cambodia - 40% tariffs on Laos and Myanmar White House Press Secretary Karoline Leavitt stated that around a dozen countries would receive tariff notifications directly from the president on Monday, with more letters to be sent in the coming days. Trump also signed an executive order extending the "reciprocal" tariff deadline from Wednesday to August 1st, citing the decision was based on supplementary information from senior officials. The U.S. economy remains stable, with good employment and moderate inflation. Despite Trump's pressure for rate cuts, the Federal Reserve remains cautious about tariffs and wants to observe their impact on output in the coming months. Investors will analyze the Federal Reserve's June policy meeting minutes on Wednesday. Additionally, the U.S. stock earnings season is approaching, with investors hoping it will catalyze further S&P 500 index growth.