(Bloomberg) -- Federal Reserve Bank of Dallas President Lorie Logan said it would be appropriate, in the medium term, for the US central bank to purchase more shorter-term securities than longer-term ones so that its portfolio can more quickly mirror the composition of Treasury issuance. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC

Tariffs and governmental uncertainty have been at the forefront of investors' minds. But while they may be factors, they may also be covering up for something a little more basic — and just as powerful.

Will the biggest and best-known crypto assets of today, like Bitcoin (CRYPTO: BTC), continue to hold up against newer players like Cardano (CRYPTO: ADA), or will they go the way of the dodo? You're probably already familiar with the investment thesis for Bitcoin: It's a asset with a firm supply cap that's hard for any given set of actors to control or disrupt. There can only ever be 21 million Bitcoins in circulation (about 19.8 million now circulate), which means that it should, in theory, maintain its purchasing power against fiat currencies.

Traders are buying the dip, lifting the perpetual futures long-short ratio, Kraken's Alexia Theodorou told CoinDesk.

A buy-the-dip approach is bolstering the chip maker as individual investors position for its shares to rally.

Taiwanese chip maker Vanguard International Semiconductor warned on Tuesday that U.S. tariffs on imported chips could spur inflation and impact global economic growth, but said it expects the direct impact on the company would be small. U.S. President Donald Trump said last week that he intends to impose auto tariffs in the neighbourhood of 25% and similar duties on semiconductors and pharmaceutical imports, the latest in a series of threats that could upend international trade. Vanguard Chairman Leuh Fang told analysts on a post-earnings call that the company was adopting a "wait and see" stance as it was unclear how serious and far the Trump administration would go.

“Congestion pricing” is the stuffy-sounding name of a New York policy that is, by every available metric, a resounding success. Anyone, including lapsed New Yorker President Trump, saying otherwise is simply ignoring the evidence.

Dell Technologies is expected to report fiscal 2025 fourth-quarter results after markets close Thursday, with analysts calling for revenue growth driven by servers and networking solutions.

Tuesday’s drop from 49 to 25 is one of the sharpest since September and indicative of a quick shift toward overly bearish sentiment.