Trump is pushing tariffs, causing market crash, seeking rate cut from Federal Reserve
From Cointelegraph
March 14, 2025 4:00:00 pm:
The odds of a recession are rising, markets are crashing, and President Donald Trump is pushing ahead with tariffs. Trump is seemingly crashing the stock market to force the Federal Reserve to lower interest rates before the US government needs to refinance $7 trillion in debt. The 10-year yield has plunged nearly 60 basis points, with a May interest rate cut now likely.
JPMorgan analysts have raised recession odds to 40% this year due to extreme US policies, with fears of a looming economic downturn reflected in the bond market. Goldman Sachs economists worry that Trump’s trade war could lead to a sharp recession, raising their odds to 20%. The outlook could worsen if policies remain unchanged despite poor data.
Securitize has partnered with RedStone to provide data feeds for tokenized products, including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). BUIDL, the world’s largest tokenized Treasury fund, has amassed $500 million in assets under management in less than four months. The fund, accessible through Securitize on the Ethereum network, invests in cash, US Treasury bills, and repurchase agreements.
Cboe BZX is seeking permission to add staking into Fidelity’s Ether (ETH) exchange-traded fund, potentially boosting the appeal of Ether ETFs by providing access to yields. The proposal would allow the Fidelity Ethereum fund to stake all or a portion of its Ether through trusted providers. With the SEC acknowledging crypto-related ETF filings, Cboe is moving to capitalize on the regulatory pivot.
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1. Bitcoin reaches new all-time high of $60,000, driven by institutional adoption and increased interest from retail investors. Market cap surpasses $1 trillion for the first time, solidifying its position as a mainstream asset class.
2. Ethereum’s price hits record high of $2,000 as decentralized finance (DeFi) and non-fungible tokens (NFTs) continue to gain popularity. Network upgrades and increased usage contribute to the bullish sentiment.
3. Tesla announces purchase of $1.5 billion worth of Bitcoin, signaling mainstream acceptance of the cryptocurrency. CEO Elon Musk’s tweets about Bitcoin and Dogecoin also drive market volatility and investor interest.
4. Coinbase, a major cryptocurrency exchange, files for direct listing on Nasdaq. Valuation could exceed $100 billion, making it one of the largest tech IPOs in history. Company’s financials show strong revenue growth and profitability.
5. Federal Reserve Chair Jerome Powell expresses concerns about cryptocurrencies’ volatility and regulatory risks. Calls for greater oversight and consumer protection measures to address potential threats to financial stability. Market reacts to comments with increased uncertainty and price fluctuations.: Is Trump intentionally crashing the market?