Crypto market bleeds $150bn as Trump goes nuclear over ‘too late’ Powell’s rate hold – DL News
- Crypto markets shed $150 billion after Fed announced no rate cut.
- Markets now see a 42% chance of one Fed cut by year-end.
US President Donald Trump said he thought Jerome Powell was “ready to do the right thing” just last week.
But on Thursday, the Fed held rates steady, and the crypto market wiped out $150 billion in value, triggering $700 million in bullish liquidations and an all-caps Trump meltdown.
“He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, and TOO POLITICAL, to have the job of Fed chair,” Potus said in a Truth Social missive.
Bitcoin slid to $114,400, its lowest level in three weeks, while Ethereum fell 5% to the $3,600 mark
The Federal Reserve kept its benchmark rate at 4.25% to 4.5% for the fifth straight…
