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US dollar, stocks tumble and crypto gains as Trump amps up pressure on Fed

cryptoweekly by cryptoweekly
April 22, 2025
in bitcoin, News
0

The POTUS has reiterated his calls to lower interest rates as stock markets continue to tumble and the Dollar Index hits a three-year low.

Crypto markets avoided the fallout caused by US President Donald Trump’s latest salvo against Federal Reserve Chair Jerome Powell, which saw the US stock market slump and the dollar continue to weaken over uncertainty.

Stock markets across the United States ended April 21 in the red, with the S&P 500 dropping 2.4%, the tech-heavy Nasdaq slipping 2.5%, and the Dow Jones losing 2.5%, or nearly 1,000 points, according to Google Finance. 

The S&P 500 has now declined by more than 12% since the beginning of the year, and the Nasdaq is down almost 18% in the US tech stock exodus. 

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Recent Posts
  • Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit
  • US House members call for investigation into Trump's memecoin dinner
  • ‘In ‘93, it became clear to me AI should be decentralized’ — Ben Goertzel
  • Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined
  • Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
  • Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research
  • Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

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