Fed chair Powell risks provoking U.S. president Donald Trump if the Fed doesn’t resume interest rate cuts soon, with Trump posting to X that “interest rates should be lowered,” following the Fed’s decision to leave them on hold earlier this month.

Cryptocurrencies have seen precipitous drops in their valuation amid a bout of controversies. While crypto is no stranger to market instability, this latest drop is value is more notable than most. Bitcoin has dropped to its lowest price since November 2024, dipping below £71,000, as has Ethereum.

Bitcoin fell below $90,000 for the first time since November as cryptocurrencies slumped amid broader market pressure.