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Stock impact report

Bitcoin rebounds as the US dollar weakens [Fortune]

BIT Mining Limited ADS (BTCM) 
Company Research Source: Fortune
The original cryptocurrency is up 3% on Monday, reaching as high as $88,000—a level not seen since Trump's so-called “Liberation Day,” in which he announced a sweeping tariff plan that sent financial markets into a historic meltdown Ethereum and Dogecoin have both gained 3% within the last 24 hours. “Bitcoin's move above $87,000 is a clear signal that investors are seeking refuge in decentralized assets amid rising tariffs, inflation concerns, and global economic uncertainty,” Nicholas Roberts-Huntley, CEO of crypto companies Concrete and Glow Finance, tells Fortune The crypto market's gains come amid Trump's threats to fire Federal Reserve Chair Jerome Powell for not lowering interest as quickly as he would like. The feud has raised concerns over the Fed's traditional status as an independent central bank, unbeholden to political pressures. It's unlikely the president would have the power to do so, but that could change in the future. On Friday, the White House confirmed that Tr Show less Read more
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