Crypto Shorts Get Rekt as Bitcoin Rises Following Trump Attack on 'Loser' Fed Chair
Summary
Bitcoin's price increased to approximately $86,800, rising 2.7% in 24 hours, despite a decline in U.S. stocks. Over $97 million in Bitcoin short positions were liquidated, with nearly $180 million across all cryptocurrencies. Ethereum traded at $1,624, remaining stable but down over 20% in the past month. Solana decreased slightly, while Dogecoin rose by 2.4% and XRP by 1%. U.S. stock indices, including the Dow Jones, S&P 500, and Nasdaq, fell about 3%. Gold prices reached over $3,420 per ounce. Bitcoin has shown signs of decoupling from stock market trends, behaving more like a risk-off asset. President Trump's recent trade policies and criticism of Federal Reserve Chair Jerome Powell have contributed to market volatility.
