BlackRock CEO has this to say amid Bitcoin and crypto market’s $1 trillion sell-off

The Bitcoin market is facing volatility, just like traditional stock markets, as investors worry about economic chaos. The digital asset’s value has fallen below $80,000 levels. The broader cryptocurrency market has wiped out $1 trillion from market capitalization in just one month. Inflation fears, possibility of a recession, and Federal Reserve policies are driving market this context, BlackRock’s chief executive Larry Fink has sounded a warning bell about inflation levels rising due to US President Donald Trump’s policies. This could impact both bitcoin and traditional financial CEO warns of rising inflation risksCEO Larry Fink of BlackRock warned that Trump's trade decisions would increase inflation, dashing hopes that the Federal Reserve could lower interest rates. During his speech at CeraWeek, Fink stated that nationalistic policies by the US would cause inflation to surge. The BlackRock CEO expressed his doubts about the Federal Reserve's ability to reduce rates due to inflation risks. Federal Reserve Chairman Jerome Powell had earlier said the Federal Reserve is not in anyhurry to lower interest rates due to a strong labour market and persistent inflation. The Federal Reserve is likely to maintain interest rates during its March session, according to the CME FedWatch Tool, although traders remain indecisive about a May rate decision.