Bitcoin ‘decouples,’ stocks lose $3.5T amid Trump tariff war and Fed warning of ‘higher inflation’

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Coin Telegraph 13h ago

Bitcoin ‘decouples,’ stocks lose $3.5T amid Trump tariff war and Fed warning of ‘higher inflation’ - Coin Telegraph

Quick Summary:

Source: X / Cory BatesIndependent market analyst Cory Bates posted the above chart and said, “[…]Bitcoin is decoupling right before our eyes.” With China retaliating with 34% tariffs on US goods and Trump pressuring Powell to cut interest rates, market volatility could push Bitcoin’s price upward as a hedge against uncertainty.During the 2018 U.S.-China trade war, Bitcoin price didn’t see any increase across the entire year.

Powell said,“While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.” Moments before Powell’s speech, US President Donald Trump called out the Fed chair to “CUT INTEREST RATES” in a post on the Truth Social, taking a jab at Powell for being “always late.”Source: Truth SocialCurrently, the Fed faces a critical choice: pause interest rate cuts throughout the year or respond quickly with rate reductions if the economy shows signs of weakening.

Addressing the public at a conference on April 4, Powell maintained a cautious approach and noted that tariffs could spike inflation “in the coming quarters,” complicating the Fed’s 2% inflation target, just months after rate cuts indicated a soft landing.