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4E: Trump criticizes Powell again, US stocks plunge, Bitcoin rises against the trend

ChainCatcher news reports that, according to 4E monitoring, Trump has once again launched a fierce attack on Federal Reserve Chairman Powell and issued threats to the independence of the Federal Reserve, raising concerns in the market about the decline of the dollar's credibility and a potential downturn in the U.S. economy. On Monday, U.S. stocks faced a "Black Monday," with all three major indices suffering significant losses: the Dow Jones fell 2.48%, the Nasdaq dropped 2.55%, and the S&P 500 declined 2.36%. Tech stocks were hit hard, with Tesla down over 5%, Nvidia down over 4%, and the total market value of the "Big Seven" in U.S. stocks evaporating by $404.6 billion.The cryptocurrency market decoupled from U.S. stocks and rose against the trend. Bitcoin has been rising since yesterday morning, and in the evening, Strategy announced the purchase of 6,556 bitcoins for $556 million (average price $84,785), boosting market sentiment, maintaining stability at $87,000 despite the sharp decline in U.S. stocks. This morning, Bitcoin surged again, reaching a high of $88,877, marking a new high in a month, with a 24-hour increase of 1.42%. Bitcoin is draining the crypto market, with altcoins generally under pressure; Ethereum fell below $1,600, down 3.%; SOL reported at $138.75, with a nearly 24-hour decline of 1.72%.In the foreign exchange bulk market, the dollar index plummeted 0.94% to around 98, hitting a new low in the last 16 months; oil prices fell, with U.S. oil down 2.06%; spot gold rose 2.90%, reaching a new high.Trump's continued attacks on the Federal Reserve have left investors worried. While low interest rates may benefit the stock market in the short term, damage to the independence of the Federal Reserve could weaken its long-term ability to control inflation, threatening the dollar's status as the world's safest asset and undermining the foundation of the U.S. economy. The market is highly vigilant, with risk-averse sentiment surging.

Coingecko: In Q1 of this year, the total market capitalization of the crypto market fell by 18.6% to $2.8 trillion, while Bitcoin strengthened its dominant position against the trend

ChainCatcher news, according to the Coingecko quarterly report, the total market capitalization of cryptocurrencies fell by 18.6% to $2.8 trillion in the first quarter of 2025. Bitcoin further solidified its dominance in the market downturn, with its market share rising to 59.1% (a new high since 2021), while altcoins generally performed poorly. The shares of stablecoins USDT and USDC increased, while Ethereum's market share dropped to a five-year low of 7.9%.​1. Bitcoin outperforms traditional risk assetsBitcoin broke through $100,000 in January, reaching an all-time high, but ended the quarter at $82,514 (a decline of 11.8%). Its performance outpaced the Nasdaq index (down 10.3%), but lagged behind gold (up 18%) and U.S. Treasury bonds. Analysts pointed out that the strengthening of the yen and euro, adjustments in monetary policy, and geopolitical uncertainties have intensified market volatility.​2. Ethereum and altcoins under pressureEthereum's price plummeted 45.3% to $1,805, erasing all gains made in 2024, with daily trading volume shrinking to $2.44 billion. Leading altcoins like Solana (SOL), XRP, and BNB experienced smaller pullbacks, highlighting Ethereum's relative weakness. Meme coins suffered a significant setback due to the exit of Argentine President Javier Milei's related project LIBRA, with daily token deployment on the Pump.fun platform dropping by 56.3%.​3. Changes in exchange landscapeThe spot trading volume of centralized exchanges (CEX) decreased by 16.3% to $5.4 trillion, with Binance maintaining a market share of 40.7%; HTX became the only platform in the top ten to see growth (+11.4%), while Bybit's trading volume was halved due to a hacking incident in February. Among decentralized exchanges (DEX), Solana led Q1 with a 39.6% share, but Ethereum briefly reclaimed the top spot in March. The total value locked (TVL) in DeFi fell by 27.5% to $12.86 billion, while the new public chain Berachain's TVL rose against the trend to $5.2 billion.
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