Bitcoin Soars Amidst Stock Market Volatility: Trump Criticizes Powell and Dollar Slumps

President Donald Trump’s recent criticism of Federal Reserve Chair Jerome Powell has sparked market volatility, pushing Bitcoin to new highs while stocks plummet. Trump expressed concerns over rising interest rates and potential economic slowdown, calling Powell a ‘major loser’. While the U.S. stock market saw sharp declines with the S&P 500 falling by 2.4%, the Nasdaq slipping 2.5%, and the Dow Jones losing almost 1,000 points, the cryptocurrency market remained resilient. Bitcoin hit a four-week high of $88,500, largely buoyed by this uncertainty.