Dow Jones Defies Tariff Chaos as Bitcoin Smashes $120K – Fed Left in the Dust

Markets shrug off EU and Mexico trade wars as digital gold steals the show.

While traditional finance scrambles, Bitcoin's bull run leaves Wall Street playing catch-up.

Another day, another ATH – and the suits still don't get it.

At the same time, markets are weighing whether the new tariffs represent a long-term policy shift or a negotiating tactic aimed at securing more favorable trade deals for the U.S.

Despite the cautious tone in equities, crypto markets are showing strong performance. bitcoin (BTC) once again reached a new record, climbing to an all-time high of $123,091. Boosted by rising demand for ETFs and increasing allocations to corporate treasuries, the Bitcoin bull run continues and is also lifting the altcoin market.

Fed under fire for $2.5B renovation

Pressures on the Federal Reserve intensified after the controversial $2.5 billion renovation of its main building came into focus. Both the WHITE House and potential contenders for the top position in the nation’s central bank slammed the agency over the proposed renovation of its Washington headquarters.

White House economic adviser Kevin Hassett condemned the plan, citing a $700 million cost overrun, and stated that the administration will investigate further. Former Fed governor Kevin Warsh also criticized the proposal, calling the costs “outrageous.”

Since President Trump’s inauguration, the administration has consistently pressured the Fed to cut interest rates. The controversy surrounding the renovation could become a political lever to undermine current Fed Chair Jerome Powell.