Crypto Markets avoided the latest Salvo against US President Donald Trump’s Federal Reserve Chair Jerome Powell, who saw the US stock market was declining and dollar uncertainty was weakening.
According to Google Finance, the stock market in the United States ended in red on April 21, which fell 2.4 % in S&P 500, Tech Heavy Nes Dack was 2.5 %, and Dow Jones lost 2.5 %, or about 1,000 1000 points.
The S&P 500 has decreased by 12 % since the beginning of the year, and the Nice Deck is about 18 % lower in the US tech stock exodus.
The stock slide is following the growing tension between Donald Trump and Jerome Powell and the growing concern over the impact of trade prices.
On April 21, Trump wrote on his social media platform truthful social social, “Interest rates are being called for” prepaid deduction “.
He added, “With energy costs, food prices (…) are substantially low, and most of the other ‘things’ decrease, it has practically no inflation.
Trump has reaffirmed his demand to reduce interest rates, called Paul, called “Mr. Too late” and “big loser” by pots, up to 4.5 percent.
Last week, Paul took a swipe at Trump’s commercial prices, saying he could lead to rising prices and slowdown, or “stagnation”.
Trump responded with a call to fire the central bank chair, saying that his “elimination could not come fast.”
According to the CME Fed Watch, the feed is expected to maintain his waiting and viewing policy approach at his meeting on May 7, which predicts only 13 % possibility of interest rate decline in markets.
US dollar value continues to decline
The US Dollar Index (DXY) – A scale of greenback power against the leading currencies basket – has more than 10 % of this year so far. According to the Trading View, this week, it fell to the lowest level in three years below 98 on April 21.
He added, “Everyone needs a weak dollar to serve their dollar loans and they want,” Raul Paul, the founder and CEO of Real Vision, commented on April 22. “This is the purest form of global liquidity and is currently the largest driver of the global M2 (mini supply).”
Related: The US dollar goes ‘no bid’-5 things to get to know in BitCoin this week
Meanwhile, Crypto Markets have benefited the weekend, with total investment in writing 83 2.83 trillion.
BitCoin (BTC) is keeping digital assets happy markets, which hit a four -week height of $ 88,500 on April 22.
“In the most turmoil of global markets over the years, BitCoin is showing impressive flexibility,” Bit Finex analysts commented on the recent market latest.
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