Trump Says Fed Chair 'Is Not in Love With Me' as Crypto Market Soars
By: decrypt|2025/05/08 18:45:02
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Trump Says Fed Chair 'Is Not in Love With Me' as Crypto Market Soars Bitcoin rose above $101,000 even as Donald Trump pressured U.S. central bank Chair Jerome Powell anew to lower interest rates. In brief The Federal Reserve kept interest rates still on Wednesday. Despite this, Bitcoin on Thursday broke above $100,000. President Trump continued to criticize Federal Reserve Chair Jerome Powell. Decrypt’s Art, Fashion, and Entertainment Hub. Major equity indexes were also up, with the S&P 500 and Nasdaq each jumping more than 1% amid investor hopefulness for an end to Trump's trade hostilities. President Trump also said during a Thursday press conference that investors should buy stocks now. Other digital assets surging on Thursday included Ethereum , the second biggest virtual coin, which broke the $2,053 for the first time since early March and was up by more than 14% from the same time, the previous day. The cryptocurrency's price recently stood at $2,047. XRP and Solana rose more than 6% and 10%, respectively. Traditional safe-have asset gold, meanwhile, was down more than 2%. Edited by James Rubin Daily Debrief Newsletter
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