Bitcoin and crypto prices are treading water after U.S. president Donald Trump’s trade war sparked market chaos that’s threatening to spiral into a full-blown “U.S. dollar confidence crisis.”

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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.

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