Bitcoin Soars as Stocks Plummet Amidst Tariff Uncertainty

The stock market experienced a second consecutive day of losses on April 4th, with US equities dropping by over $3.5 trillion. This downturn coincides with Federal Reserve Chair Jerome Powell’s warning about the potential for higher inflation from increased tariffs implemented by the Trump administration. Powell noted that these tariffs could lead to slower economic growth and complicate the Fed’s efforts to maintain their 2% inflation target.