Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap: $2,991,171,231,322
24h Vol: $80,798,917,559
Cryptocurrencies: 13285
Markets: 101260
CoinInsight360.com logo CoinInsight360.com logo
ENG
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

$2,991,171,231,322
Market Cap
$80,798,917,559
24h Vol
13285
Cryptocurrencies
64.32%
Bitcoin Share
crypto.news 2025-04-16 20:55:39

Markets take a beating as Powell raises tariff concerns, crypto stays strong

Markets take a beating as Powell raises tariff concerns, crypto stays strong

U.S. stocks plunged Wednesday as Nvidia flagged $5.5B in China-related charges and Fed Chair Powell warned tariffs may drive inflation and slow growth. U.S. stocks tumbled Wednesday as investors reacted to new U.S. restrictions on chip exports to China and fresh warnings from Federal Reserve Chair Jerome Powell about the economic risks of President Trump’s tariff policies. The S&P 500 fell about 2.2%, while the Dow Jones Industrial Average dropped 1.7%. The Nasdaq Composite slid by around 3%, nearing bear market territory , and was led lower by steep losses in the tech sector. Nvidia shares plunged nearly 10% after the company revealed it would take a $5.5 billion charge due to new export curbs imposed by the U.S. government. The rules affect its H20 graphics processors, a key product for the Chinese market. Other chipmakers also declined, with AMD down 8%, Micron falling 3%, and ASML shares sliding over 7% following weak earnings. Despite the market sell-off, Bitcoin ( BTC ) stayed near the $84,000 range, showing resilience. You might also like: U.S. stocks in freefall, NVIDIA down 8.49% as U.S. hits China with AI chip restrictions Powell’s inflation concerns In a speech to the Economic Club of Chicago, Powell said the central bank would wait for more clarity before adjusting interest rates, warning that tariffs could lead to “higher inflation and slower growth.” He added that the Fed could face a “challenging scenario” if its goals of stable prices and full employment come into conflict. Retail data showed a 1.4% rise in March sales, the strongest in two years, suggesting consumers may be rushing to buy goods before tariffs take effect. While the Trump administration delayed tariffs for some countries, China was not included. Treasury Secretary Scott Bessett said further clarity on trade policy could emerge within 90 days, though China indicated talks would require meeting certain conditions. You might also like: AI-Powered DeFi platform Glider raises $4m, led by Andreessen Horowitz

Most Read News

Moralis Money
$2,991,171,231,322
Market Cap
$80,798,917,559
24h Vol
64.32%
Bitcoin Share
390
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.