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

On April 22nd, according to 4E monitoring, Trump once again fiercely criticized Federal Reserve Chairman Powell, and threatened the independence of the Federal Reserve, causing concerns in the market about the decline in the credibility of the US dollar and the resulting downturn in the US economy. On Monday, the US stock market experienced a "Black Monday", with the three major indexes collectively plunging: the Dow fell 2.48%, the Nasdaq fell 2.55%, and the S&P 500 fell 2.36%. Technology stocks suffered across the board, with Tesla falling over 5%, Nvidia falling over 4%, and the total market value of the "Big Seven" US stocks evaporating by $404.6 billion.

The cryptocurrency market decoupled from the US stock market and rose against the trend. Bitcoin has been rising since yesterday's early trading, with Strategy announcing an investment of $556 million to buy an additional 6,556 bitcoins (average price of $84,785), boosting market sentiment and holding steady at $87,000 despite the sharp drop in the US stock market. This morning, Bitcoin quickly rose again, reaching a high of $88,877, hitting a new high in a month, with a 24-hour increase of 1.42%. Bitcoin is dominating the cryptocurrency market, with altcoins generally under pressure, Ethereum falling below $1,600, down 3%; SOL at $138.75, with a nearly 1.72% drop in the past 24 hours.

Trump's continued attacks on the Federal Reserve have left investors concerned. While low interest rates may be beneficial for 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 US dollar's status as the safest asset globally and shaking the foundation of the US economy. The market is on high alert, with a surge in risk aversion.

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