US dollars, stocks are falling and crypto captures as Trump forces pressure on the fed
Crypto markets avoid the collapse caused by the latest salvo president Donald Trump against federal reserve chair Jerome Powell, who saw the fall of the US stock and the dollar continued to weaken the uncertainty.
Stock markets throughout the United States graduated on April 21 in Red, with the S&P 500 dropping by 2.4%, the Tech-Heavy Nasdaq slipped by 2.5%, and Dow Jones lost 2.5%, or nearly 1,000 points, according to Google Finance.
The S&P 500 has now refused more than 12% since the beginning of the year, and Nasdaq dropped nearly 18% in the US tech stock exodo.
The Stock Slide follows the increasing intensity between Donald Trump and Jerome Powell and growing anxiety about the impact of trade tariffs.
“‘Preemptive cuts’ at interest rates are called by many,” Trump write on his social media platform of social reality on April 21.
“With the lowering of energy costs, food prices (…) are lower, and most other ‘things’ fall, almost without inflation,” he added.
Trump has revived his call For lowering interest rates, Powell, labeled “Mr. Late” and a “mainly defeated” of Potus, was kept high in 4.5%.
Last week, Powell swept Trump’s trade tariffs, saying they could lead to a dangerous mix of economy of rising prices and slowing growth, or “upbringing.”
Trump responded a call to fire The Central Bank Chair, which says at the time his “termination cannot come quickly.”
Fed is expected to maintain the wait-and-and-see-seeing policy approach to the May 7 meeting, with interest rate markets Guess Just a 13% chance of a cutting rate, according to the CME Fed Watch.
Continues to lower the US dollar
The US Dollar Index (DXY) – a measure of greenback strength against a basket of leading currency – has been slipping over 10% to this year. This week it fell into a three -year -old man below 98 on April 21, According to In tradingview.
“Everyone needs and wants a weaker dollar to serve their dollar debts,” Commented Real Vision and CEO founder Raoul Pal on April 22. “This is the pure form of global liquidity and this is the largest driver of the global M2 (money supply),” he added.
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Meanwhile, crypto markets will be held on weekends with a total capitalization left to $ 2.83 trillion at the time of writing.
Bitcoin (Btc) will maintain digital asset markets, hitting a four -week high $ 88,500 on April 22th.
“In the midst of one of the most chaotic times for global markets over the years, Bitcoin shows a wonderful stability,” Commented Bitfinex analysts in a recent market update.
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