- S&P 500 futures have slipped by 0.5%.
- The Swiss franc increased by 0.4% and the Euro around 0.17%.
- Tokens like BTC and ETH may reach a new ATH by the end of 2026.
Stocks and the US Dollar have plunged on the sidelines of the fallout between US President Donald Trump and Fed Chair Jerome Powell. This has triggered concerns around what the future holds for the crypto market. While there is a sustained volatility at the moment, long-term projections demonstrate a chance of recovery.
US Dollar and Stocks Slip
S&P 500 futures slipped by 0.5% while the Swiss franc & Euro gained strengths around 0.4% & 0.17%, respectively. To put the currency weightage into perspective, the Swiss franc reached 0.7979 per dollar and the Euro reached $1.1656. According to a report by Reuters, traders are looking at this as an unsettling situation.
Simultaneously, gold reached a new high of $4,600 an ounce while the crypto market showed ongoing volatility. Ongoing fluctuations are being linked to several factors, including the rising tension between US President Donald Trump and Fed Chair Jerome Powell. The latter has hinted that he could be pressured into cutting rates.
Direction for Crypto Market
The crypto market, for now, seems to be sustaining the momentum – evident from an uptick of 1.16% in its market cap. Also, top tokens like BTC and ETH have noted respective strides of 0.82% and 1.36% over the last 24 hours. These gains are estimated to rise in the days to come, especially by the end of 2026.
For instance, BTC price prediction suggests the possibility for the flagship to record a new ATH this year. Trading at $91,333.36, it could surpass the last ATH of $126,198.07, which was seen on October 07, 2025. Similarly, ETH price prediction draws a trajectory for the token to go beyond $4,953.73, its peak, which was booked on April 25, 2025.
What’s the Issue Here?
One of the core issues is the feud between Trump and Powell, wherein the Fed Chair has hinted at being pressured to cut rates. This comes almost a day after the unemployment data was made public. It showed plunged to 4.4% for December 2025, down from 4.5% for November 2025.
But, the job growth came around 50,000 for the last month to make this year’s annual growth the weakest since 2023. Fueling these sentiments is the extension by the US Supreme Court in delivering its verdict for the legality of tariffs.
Highlighted Crypto News Today:
Wallets Accumulating LINK Underline Potential of Chainlink, Will it Stand the Test?