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$BTC The bitcoin price has plummeted from its January peak of almost $110,000 per bitcoin, dropping along with the stock market, as crypto hurtles toward a $19 trillion “tipping point.” Now, as billionaire Ray Dalio warns the U.S. is teetering on the verge of a financial crisis and recession that could be worse than 2008, the White House has confirmed Trump is exploring whether he can fire Federal Reserve chair Jerome Powell—something that could trigger an “apocalyptic scenario" for markets. The president and his team will continue to study that matter,” Kevin Hassett, Trump’s economic adviser, told reporters at the White House when asked if firing the Fed chair was an option and if Trump has the authority to remove Powell.

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