Analysis of Bitcoin Price and the Impact of Jerome Powell's Resignation Statements and Rumors – June 2, 2025
Bitcoin's price today rose to about $105,651, amid anticipation of updates regarding Federal Reserve Chair Jerome Powell's statements related to monetary policy and interest rates.
Powell categorically denied rumors of his resignation, affirming his continuation in office until the end of his term in May 2026, but these rumors have affected investor sentiment and led to fluctuations in the cryptocurrency market.
Future Expectations:
Tightening of monetary policy may lead to downward pressure on Bitcoin's price.
Easing of monetary policy may support increased demand and price growth.
Continued rumors raise uncertainty and increase market volatility, necessitating careful monitoring and caution in decision-making.
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