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While Donald Trump puts pressure on the federal reserve to reduce interest rates, Bitcoin overvoltage exceeded $ 88,000 rekindled the debate on the question of whether the king of cryptos hates traditional financial assets.
Bitcoin has climbed almost 1% to negotiate $ 88,374 at 4 h 35 hne, even as STocks and the dollar have flowed. Gold torn 4.3% to negotiate $ 3,457 while investors flee security shelters in the middle of the last access to turbulence induced by Trump.
Trump’s attack on Powell has sparked fears among investors that the independence of the central bank is undermined and that a monetary program focused on Trump would promote the political opportunity to prudent economic management.
Just in: 1.5 billion of dollars destroyed from the US stock market today.
60 billion dollars were added to the cryptography market. pic.twitter.com/9iezvommn1
– watcher.guru (@watcherguru) April 21, 2025
Trump puts heat on Jerome Powell
The S&P 500 slipped 2.4% and the Nasdaq 2.5% yesterday, while the yen climbed beyond 140 for a dollar today while investors are fuishing American assets.
It’s after Asset revealed the heat of the Fed and its chair, Jerome Powell, to reduce interest rates yesterday.
“There may be a slowdown in the economy unless Mr. Too late, a large loser, drops interest rates now,” Trump wrote in an April 21 job. On Truth Social, referring to the president of the Fed, Jerome Powell. “Europe has already” lowered “seven times. Powell has always been “too late”. “
(Source: Social truth)
Trump argued that “there is practically no inflation”, with food prices, energy costs and the cost of “most other things” down.
Powell, for its part, fears that inflation can soon increase as Trump’s prices on most of the rest of the world feed prices.
Mounted parts of memes
Bitcoin is not the only crypto to win. The market capitalization of the part of the same part has climbed 3%, led by Fartcoin (Fartcoin), who was the best performer among the 10 largest coins after his price has jumped more than 17% in the last 24 hours.
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