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Bitcoin and cryptocurrency prices are declining amidst market chaos sparked by President Trump's trade war. Concerns are rising about a potential US dollar crisis as Trump considers firing Federal Reserve Chair Jerome Powell, a move described as potentially 'apocalyptic' for markets. Bitcoin's price has fallen significantly from its January peak, diverging from gold's rise as investors seek safe havens. Experts warn of a potential financial crisis and recession worse than 2008, highlighting uncertainty surrounding Trump's actions and their impact on the global economy.

Prepared by Christopher Adams and reviewed by editorial team.