Gate.io News bot, according to 4E monitoring, concerns about the escalation of the tariff war between China and the United States overshadowed the good news of the slowdown in CPI in the United States in March, and the market risk sentiment quickly heated up, and the U.S. stock market failed to extend the previous day's rebound on Thursday, and once plunged sharply in the intraday. As of the close, the S&P 500 index fell 3.5%, and once fell to 6.3% intraday, approaching the first-level circuit breaker threshold, the largest intraday decline since March 2020; The Nasdaq fell 4.31% and the Dow fell 2.5%; The "Big Seven" tech stocks collectively fell hard, with the underlying index falling 6.67%. The crypto market pulled back in tandem, with Bitcoin retreating from the previous day's high of $82,000 to a low of $78,464, and BTC was trading at $80,589 at press time, down 1.27% in 24 hours. Among the top 10 mainstream coins, Ethereum fell the most, falling below $1,500 at one point and now trading at $1,541, down 4.2% in the last 24 hours due to the whale sell-off and sUSD de-anchoring.