‘Shock’ Fed warning risks crashing Bitcoin, altcoin prices
After Donald Trump announced his Liberation Day tariffs, Bitcoin and most altcoins outperformed stocks.
Bitcoin (BTC) remained between $80,000 and $90,000, while Ethereum (ETH) was stuck slightly below $2,000. The total market cap of all cryptocurrencies dropped from $2.7 trillion to $2.6 trillion.
Meanwhile, the stock market had its worst week since 2020. The blue-chip Nasdaq 100, S&P 500, and Dow Jones slumped into a correction.
Shock Fed warning on stagflation
Bitcoin, altcoins could come under pressure after the Federal Reserve chairman Jerome Powell warned that Trump’s tariffs will likely lead to higher inflation and slower growth for…
