Why Bitcoin could be the winner in the ongoing trade war
- President Donald Trump called out Fed Chair Jerome Powell to cut interest rates and “stop playing politics.”
- Powell stated that the Fed will maintain a “wait and see” approach as it’s too soon to determine policy changes.
- Bitcoin’s price held steady on Friday despite the stock market erasing $1.5 trillion, signaling a slight decline in the correlation between crypto and stocks.
- Bitcoin could be the winner in the ongoing global trade war if its “safe haven” narrative picks up pace.
Bitcoin (BTC) traded above $84,000 on Friday, showing strength despite the stock market experiencing significant declines. The market reaction stems from United States (US) President Donald Trump’s clash with the Federal Reserve…
