Odaily News Crypto analyst Anthony Pompliano (Pomp) has a bold theory: The Trump administration may be deliberately creating chaos in the stock market in order to force the Federal Reserve to cut interest rates to avoid the United States refinancing approximately $7 trillion in debt.
Pomp pointed out that the 10-year Treasury yield has fallen from 4.8% in January to 4.21% now, indicating that the strategy is "moving in the right direction." Trump once said on Fox News: "No one can get rich when interest rates are high because people can't borrow money."
The market expects the Fed to maintain the current interest rate at its March meeting, but the probability of a rate cut in May is close to 50%. Under the game between Trump and Powell, the market continues to be under pressure. Bitcoin has fallen 27.4% from its historical high, and the global crypto market value has evaporated by more than $1.2 trillion. (Cointelegraph)