Recently, former US President Trump has frequently blasted Federal Reserve Chairman Powell, calling for "preemptive interest rate cuts" and bluntly saying on social media that Powell is a "loser." Against the backdrop of slowing high inflation, Trump said strongly that if interest rates are not cut soon, US economic growth may stagnate. At the same time, he also said that the Russian-Ukrainian peace plan will be announced within three days, triggering market expectations of geopolitical easing.
This series of remarks caused a sharp shock in the US financial market: US stocks plummeted, the US dollar fell below a three-year low, and the price of gold rose by more than 3%. Bitcoin (BTC) rose against the trend, once breaking through the $88,000 mark, and then fell back and fluctuated, showing a strong risk-averse attribute.
Analysts pointed out that if Trump returns to the White House and fires Powell, it may trigger a crisis similar to Turkey's "central bank intervention", and capital may accelerate the flow of Bitcoin and US dollar stablecoins. 4E Think Tank commented that the Fed and Trump are caught in a "coward game" and will eventually force one of them to give in.
In the market, the new currency EPT continued to fluctuate, small currencies such as PIXFI and PIRATE performed actively, and PROMPT entered the top ten in terms of transaction volume. The market style showed obvious characteristics of "risk aversion to high-volatility assets".
