From Cointelegraph

April 21, 2025 11:35 PM:

US stock market slumps as S&P 500, Nasdaq, and Dow Jones all drop by 2.4-2.5%. S&P 500 down 12% and Nasdaq down 18% for the year. Trump calls for interest rate cuts, Powell labeled “Mr. Too Late.” Fed expected to maintain rates at May 7 meeting with 13% chance of cut.

US Dollar Index falls over 10% to three-year low below 98. Real Vision CEO supports weaker dollar to service global debts. Crypto market maintains $2.83 trillion total capitalization, Bitcoin hits four-week high of $88,500. Bitcoin shows resilience amid global market turbulence, analysts note.

Read more at cointelegraph.com: US dollar, stocks tumble and crypto gains as Trump amps up pressure on Fed