Bitcoin Gains 1% as Trump-Powell Conflict Intensifies, Pressuring Nasdaq Futures and US Dollar

Bitcoin (BTC) posted a 1% increase in its price, showcasing resilience amid market turbulence. The uptick coincides with a sharp escalation in the public feud between former President Donald Trump and Federal Reserve Chair Jerome Powell. This political friction has triggered a risk-off sentiment in traditional markets, leading to a decline in Nasdaq futures and a drop in the US Dollar Index (DXY). Analysts observe that Bitcoin's decoupled movement highlights its growing perception as a potential hedge against traditional financial instability and geopolitical uncertainty. The market is closely monitoring the situation for further impacts on cryptocurrency volatility and broader asset correlations.