$ETH
The 10% drop of the dollar in four months is just the tip of the iceberg of the "unusual and concerning" simultaneous sale of U.S. assets. The crypto market remains on guard and analysts are delineating the scenarios that will determine whether bitcoin benefits or suffers from this dollar crisis.
Since the beginning of the month what Donald Trump has called Liberation Day has unleashed a stampede in U.S. assets. The latest episode of the crisis of confidence in these assets occurred at the beginning of this week, following Trump's criticisms and near ultimatum to Federal Reserve Chairman Jerome Powell.
"It is unusual and concerning the simultaneous sale of stocks bonds and U.S. dollars following the latest attack from President Trump on the Fed chairman" warned analysts at Ebury. Trump's subsequent statements softening his criticisms have given the markets a breather. But the threat of new flare-ups between the White House and the Fed remains latent.