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Conflict between Trump and Powell escalates, Bitcoin rises 1%, Nasdaq futures and the dollar fall.

As tensions escalate between U.S. President Trump and Federal Reserve Chairman Powell, market sentiment is disturbed, with Bitcoin rising 1%, while U.S. stock index futures and the dollar decline. Powell stated that the related legal actions have obvious political motives aimed at pressuring the Federal Reserve to make significant interest rate cuts.

However, the prediction market does not believe this dispute will escalate to the extent of causing Powell to leave office early.

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