Everyone knows that Trump's rise to power completely disrupted the economy, causing a complete collapse of the US market, with US stocks falling broadly, and none of the "seven sisters" of US stocks were spared. Additionally, the stocks of Musk, who has been closest to Trump, also plummeted nearly 40%. I believe this is all temporary. His first important task upon taking office is to pay off debts. The annual interest on national debt is 1.2 trillion, which is simply unbearable. Trump, even at the cost of confronting the whole world, implemented reciprocal tariffs, betting on the fate of the US to collect debts globally and drag the world down with him to pay off the US debt. To resolve the US national debt, Trump initiated four major moves. The first move, "Open Source and Save Costs," involved massive layoffs, which faced strong opposition. The second move, "Debt Swap," involved robbing Peter to pay Paul. The third move, "Rug Pull," was to default, but he could not bear the consequences of collapsing the dollar's credibility. None of these three major moves had any effect. Then came the fourth move: "Reciprocal Tariffs." According to statistics, this round of reciprocal tariffs increased US tax revenue by 600 billion. This tariff crisis will definitely take advantage of some countries to fill the US's financial gap. Life will be easier for the US, and for Trump, only then will the US stock market and the crypto world also improve.

Trump wants the Federal Reserve to cut interest rates to alleviate national debt, but Powell is not buying it. Powell only cares about inflation; he doesn't care about your national debt issue. You’re not lowering interest rates? Then Trump will pull the rug out from under you. His ultimate goal is to force the Federal Reserve to cut interest rates.
When the economy is in turmoil and Powell is under some pressure, he has to cut interest rates for things to get better. Therefore, the current situation in both the US stock market and the crypto world is temporary. As long as the Federal Reserve continues to cut interest rates, good times will return.