$BTC
With Trump's expression of disappointment in Jerome Powell and the Federal Open Market Committee's (FOMC) decision to keep interest rates unchanged, social media exploded with heated discussions.
☑️ Like global markets, cryptocurrencies will benefit strongly if interest rate cuts begin again.
🔹 Bitcoin is currently down -6.8% from its peak on May 22
🔹 The S&P 500 is down -2.6% from its peak on February 19
Tension is evident between Trump and the Federal Reserve:
📉 Trump will continue to pressure Powell and the Fed to cut rates to stimulate markets and boost economic sentiment, especially before the elections.
📊 Jerome Powell may refuse to yield to this pressure, sticking to a cautious policy based on inflation data and long-term economic stability.
💥 This political-monetary confrontation adds more uncertainty to the markets, but at the same time, it could create strong opportunities, especially for cryptocurrencies, if the balance eventually shifts in favor of rate cuts.
