Trump again criticizes Powell, funds withdraw from US assets, Bitcoin remains steady at 87K

U.S. President Trump has once again put pressure on Federal Reserve Chairman Powell, and with no substantial progress in tariff negotiations, market distrust in U.S. assets has arisen, leading to simultaneous declines in U.S. stocks, bonds, and the dollar. Bitcoin surged throughout yesterday's early trading session, reaching a high of $88,465, and despite the significant fall in U.S. stocks yesterday, it remained stable at 87K. Strategy (, originally known as MicroStrategy ), announced yesterday that it spent $555.8 million to acquire an additional 6,556 Bitcoins, bringing its total holdings to 538,200 Bitcoins, generating $459 million in unrealized gains for shareholders this month.

Trump again criticizes Powell, the market falls into unease.

US President Trump once again puts pressure on Federal Reserve Chairman Powell, insisting that inflation has "not actually" occurred, and now is the time for a "preemptive rate cut." The Fed's preferred inflation measure, PCE, remains above the Fed's target, and new data will be released next week (4/30).

Trump's recent remarks have raised concerns in the market, with even the French finance minister warning that firing Powell would threaten the credibility of the dollar and plunge the U.S. economy into instability.

(The French Minister of Finance criticized Trump's tariffs for damaging the credibility of the dollar, supporting the independence of The Federal Reserve (FED) and Powell)

The Federal Reserve (FED) will announce its next interest rate meeting on May 7th, and the market still expects the Federal Reserve to keep interest rates unchanged. However, the expectation for a rate cut in the second half of the year has reached four basis points, indicating investors' uncertainty about the economic outlook.

Source: CME FedWatch Index Funds are leaving the U.S., causing a simultaneous fall in U.S. stocks, bonds, and the dollar.

Affected by the Easter holiday, market trading volume is light, about 20% lower than the recent average, but there has been no clear progress on tariffs and Trump's radical statements have caused a rapid withdrawal of funds from U.S. assets. The Dow Jones Industrial Average plunged nearly a thousand points on Monday, April 21, the S&P 500 index and Nasdaq also dropped over 2% simultaneously, with tech stocks being the hardest hit. Long-term U.S. Treasury bonds, along with the stock market and the dollar, have plunged deeply, and gold prices have reached a historic high, breaking $3,400 per ounce.

Deutsche Bank stated that Chinese clients have reduced their holdings of U.S. Treasury bonds and instead invested in European bonds, indicating that investors are shifting their investments away from the United States.

Strategy to buy another 6,000 bitcoins, BTC holds steady at 87K

Bitcoin has been rising steadily since yesterday's morning session, reaching a high of 88,465 USD, and has remained stable at 87K despite the big dump in the US stock market yesterday.

Kronos Research analyst Dominick John stated that Bitcoin's breakthrough of $87,000 is driven by an increase in global liquidity, highlighted by the continuously expanding M2 money supply and the further increase of holdings by Strategy, signaling a rekindling of institutional interest by tightening the available supply.

Strategy (, formerly known as MicroStrategy ), announced yesterday that it invested $555.8 million to acquire an additional 6,556 Bitcoins, currently holding 538,200 Bitcoins, and generating $459 million in unrealized gains for shareholders this month.

In this article, Trump once again criticizes Powell, funds are fleeing US assets, and Bitcoin remains stable at 87K. This first appeared in Chain News ABMedia.