7 days ago
Crypto markets skated sideways on Friday while stocks crumbled as U.S. Federal Reserve Chairman Jerome Powell suggested the Fed would take a wait-and-see approach to monetary policy. The Fed chair says at a conference in Virginia that the US economy faces “a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.” Powell notes that it’s not the Fed’s role to opine on policy choices, but he did discuss the potential economic impacts of President Donald Trump’s sweeping set of new tariffs , which he says are significantly larger than expected. “The same is likely to be true of the economic effects, which will include higher inflation and slower growth. The size and duration of these effects remain uncertain. While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent. Avoiding that outcome would depend on keeping longer-term inflation expectations well anchored, on the size of the effects, and on how long it takes for them to pass through fully to prices. Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem. We will continue to carefully monitor the incoming data, the evolving outlook, and the balance of risks. We are well-positioned to wait for greater clarity before considering any adjustments to our policy stance. It is too soon to say what will be the appropriate path for monetary policy.” Trump signed an executive order on Wednesday that imposed a 10% baseline tariff on all imported goods entering the US, with the stated aim of protecting domestic manufacturing. He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China. The overall crypto market cap dropped by 1.2% on Friday, per data from CoinGecko . Stocks were hit harder, with the S&P 500 dropping by 5.97% and the Nasdaq Composite plunging by more than 6%. The Dow Jones Industrial Average also fell by 5.5%. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Markets Skate Sideways on Friday as US Fed Chair Jerome Powell Strikes Neutral Tone in New Policy Speech appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Trump Anticipates Meeting with Nayib Bukele: A Focus on Cooperation, Not Cryptocurrency
In recent developments, former U.S. President Donald Trump addressed his upcoming engagement with Salvadoran President Nayib Bukele on social media, highlighting a commitment to fostering cooperation between the nations. Although The Daily Hodl
XRP and Ethereum Are Climbing Fast — Is Bitcoin (BTC) Next?
Momentum is building across the crypto market as XRP and Ethereum (ETH) rally into April. Both assets are flashing bullish setups—but the spotlight is quickly shifting to Bitcoin (BTC) as the next in line for movement. Still, among all three, the one generating the most early-stage excitement is MAGACOINFINANCE —a top altcoin to watch with 25x ROI Projection from current price to listing and capturing serious attention from ROI-driven investors. PRESALE SELLING OUT — TAP TO SECURE YOUR SPOT NOW! Market Check: XRP, ETH, BTC, and MAGACOINFINANCE XRP continues its climb at $1.99 , while Ethereum (ETH) trades at $1,590 , buoyed by scaling activity and dApp traction. Bitcoin (BTC) holds at $81,812 , poised for breakout as ETF volume continues to climb. But MAGACOINFINANCE is where ROI-hunters are locking in early-stage momentum. MAGACOINFINANCE – STAGE 7 JUST WENT LIVE Stage 6 just SOLD OUT , and Stage 7 is now LIVE , offering early movers a rare opportunity. MAGACOINFINANCE is priced at just $0.0002908 , with a listing target of $0.007 —equating to a built-in 25x ROI . With the MAGA50X promo code, buyers receive a 50% EXTRA BONUS , boosting the total potential to 3,745% . Already 12,500+ holders strong, this fast-growing altcoin project is gaining speed fast. FINAL HOURS: CLAIM 50% EXTRA BONUS — CODE MAGA50X BTC, ETH, and XRP in the Spotlight Ethereum (ETH) is gaining traction from developers and L2 adoption. XRP benefits from increasing utility and institutional support while Bitcoin (BTC) is next up as ETF flows and global macro trends align. All three remain analyst favorites —but only MAGACOINFINANCE is offering 25x upside from current entry. Other Notables: ADA, BCH, SUI Cardano (ADA) trades at $0.68 , pushing forward with steady upgrades. Bitcoin Cash (BCH) sits at $506 , seeing payment network expansion. SUI at $1.32 is growing its app-chain ecosystem fast. Strong contenders—but none match the early-stage firepower of MAGACOINFINANCE . Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC) , Ripple (XRP) , and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: XRP and Ethereum Are Climbing Fast — Is Bitcoin (BTC) Next? The Daily Hodl
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