tl;dr
The article discusses the impact of Trump's tariffs on global stock markets, with fears of a potential recession. It highlights President Trump's call for interest rate cuts and the Federal Reserve's cautious approach due to concerns about inflation. Despite the stock market decline, Bitcoin remains...
Global stock markets are experiencing upheaval following Trump's tariffs, with economists expressing concerns about a potential recession. President Trump has urged Federal Reserve Chair Jerome Powell to implement interest rate cuts, but Powell is hesitant due to worries about inflation. Despite the stock market's decline, Bitcoin has remained stable, drawing attention as a potential hedge. Market data indicates Bitcoin's stability amidst stock market volatility, with the cryptocurrency trading at around $82,728.46 at the time of press on Apr. 5, 2025.
Since the announcement of Trump’s tariffs on April 2, over $5 trillion has been wiped off global stock markets. Economists worldwide fear that this may lead to a recession with severe repercussions for the global economy. President Trump's call for interest rate cuts has been met with resistance from Federal Reserve Chairman Jerome Powell due to concerns about inflation. Despite the stock market turmoil, Bitcoin has demonstrated stability, maintaining a value of approximately $82,728.46 amidst the market volatility.
Despite the market turbulence caused by Trump's tariffs, Bitcoin has emerged as a hedge, demonstrating resilience and decoupling from its traditional correlation with the stock market and other global risk-on assets. While the stock market faced significant declines, Bitcoin remained relatively stable, even showing a slight gain at the time of writing. The cryptocurrency's stability has led some experts to view it as a hedge amidst the ongoing economic uncertainties.
At the time of the article's publication, Bitcoin is ranked #1 by market cap and has a market capitalization of $1.64 trillion, with a 24-hour trading volume of $26.75 billion. The total crypto market is valued at $2.65 trillion, with Bitcoin dominance standing at 61.90%.