The US dollar, shares and encryption gains stumbled as Trump put pressure on the federal reserve
Crypto markets have avoided the repercussions caused by the last Sulfo US President Donald Trump against Federal Reserve Chairman Jerome Powell, who witnessed a decrease in the stock market in the United States and the dollar continues to weaken uncertainty.
Stock markets throughout the United States ended on April 21 in red, as the S&P 500 decreased by 2.4 %, NASDAQ technology decreased by 2.5 %, Dow Jones lost 2.5 %, or approximately 1000 points, according to Google’s financing.
The S&P 500 has now decreased by more than 12 % since the beginning of the year, and the Nasdaq Stock Exchange has decreased by approximately 18 % in the exit of American technology shares.
The stock chip follows the escalating tension between Donald Trump and Jerome Powell and increasing attention on the impact of commercial tariffs.
“Preventive discounts” in interest rates are invited by many, “Trump books On his Truth Social platform on April 21.
With low energy costs and food prices […] Less largely, most of the other “things” go down, there is almost no enlargement.
Trump repeated his call to reduce interest rates, which Powell, who was classified as “the master is too late” and “the main loser” by Potus, was kept 4.5 %.
Last week, Powell took revenge on the Trump tariff, saying it could lead to a dangerous economic mix of high prices and slow growth, or “recession.”
Trump responded with an invitation to launch the central bank chair, saying at the time that “his termination cannot come quickly enough.”
The Federal Reserve is expected to maintain the parking and vision policy at its meeting on May 7, with interest rate markets Prediction Just a 13 % chance to reduce average, according to CME FED Watch.
The value of the US dollar continues to be reduced
The US dollar index (DXY) – a measure of Greenback’s power against a basket of leading currencies – has also slipped more than 10 % so far this year. This week has decreased to the lowest level of three years less than 98 on April 21, According to To TradingView.
“Every person needs and wants to serve the weakest dollar in dollars,” Stuck The founder of the real vision and CEO of Raoul Pal on April 22. [money supply] Currently, “added.
Related to: The US dollar goes “no in hand” -5 things that must be known in Bitcoin this week
Meanwhile, the encryption markets hold the gains at the end of the week with the total number of capitalization remaining at $ 2.83 trillion at the time of writing this report.
Bitcoin (BTC) maintains digital asset markets, reaching the highest level in four weeks at $ 88,500 on April 22.
“One of the most troubled periods of global markets in years, Bitcoin appears great flexibility,” Stuck BitFinex analysts in the last market update.
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