From Cointelegraph
April 4, 2025 5:21:00 pm:

Stock markets plunged for a second day on April 4, with US Federal Reserve Chair Jerome Powell warning that Trump’s tariffs could lead to higher inflation and slower growth. Trump called for interest rate cuts, as the Fed faces tough decisions on monetary policy amidst rising unemployment and strong job growth.

The Dow dropped 2,200 points, with a 10% two-day loss for the S&P 500, wiping out $3.25 trillion from the US stock market. Meanwhile, $5.4 billion was added to the crypto market, indicating a shift in investor sentiment towards alternative assets like Bitcoin amid market volatility.

Bitcoin is expected to see increased volatility, with investors turning to it as a hedge against economic uncertainty caused by trade tensions. Analysts note that BTC price is decoupling from stock market movements, holding steady above $82,000 and rallying to $84,720 as equities markets plummeted on April 4.

As China retaliates with tariffs and Trump pressures for rate cuts, Bitcoin’s price could continue to rise as a safe haven asset. In past trade wars, Bitcoin experienced notable volatility and price increases, suggesting a potential rally in the current climate of uncertainty and market turbulence.

Read more at Cointelegraph

1. Bitcoin hits new all-time high of $60,000, breaking previous record set in February. Market cap reaches $1.1 trillion, surpassing Google’s parent company, Alphabet.
2. Ethereum also surges to new high of $2,000, boosted by growing interest in decentralized finance (DeFi) applications.
3. Tesla announces plans to accept Bitcoin as payment for its vehicles, causing further price spike in cryptocurrency market.
4. Institutional investors continue to show interest in Bitcoin, with Grayscale adding 20,000 BTC to its holdings in the past week.
5. Analysts predict continued bullish trend for Bitcoin and other cryptocurrencies as adoption and mainstream acceptance grows.: Bitcoin ‘decouples,’ stocks lose $3.5T amid Trump tariff war and Fed warning of ‘higher inflation’