The price of a composition regains momentum amid the fall in the dollar

The price of a currency has jumped to the highest levels since Donald Trump announced the imposition of customs duties on April 2, the day he is described as ‘Liberation Day’, amid a fall in the value of the dollar and renewed concerns about the independence of the federal reserve. The largest cryptocurrency in terms of market value rose by about 3% in Singapore on Monday morning to exceed $ 87,600, according to data collected by ‘Bloomberg’. In this way, the composition has compensated most of the losses it has suffered since Trump’s announcement of the mutual customs definitions on April 2, which caused turmoil in global markets. This increase has come in light of the fall in the dollar index to the lowest levels since January 2024, and the decline in future contracts for US indicators, after Kevin Haysit, director of the National Economic Council, reduced that Trump studied the possibility of dismissing the chairman of Federal Reserve Jerome Powell, concerns about a possible political policy. A recovery coincided with the rise of gold prices to a new standard, in an additional indication of the increasing orientation of investors to assets that are a safe haven and a hedging tool against inflation. Sean McNulati, head of the derivative trading department in the Asia -Pacific of Falconx, said: “The main reason for the rise of encrypted currencies is the weakness of the US dollar,” said Sean McNulati, head of the derivative trading division. He added that “the lack of liquidity during market holidays” increases the amount of price movements and its inflation.