Trump Targets Powell — Is a Federal Reserve Shake-Up Coming? 🔥
U.S. President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell — and this time, the crypto market is paying close attention.
Calling Powell “terrible,” Trump hinted that his days may be numbered. Speaking at the NATO summit in The Hague, he stated:
“I already know who I’ll pick — within three or four people.”
This latest attack raises fresh concerns over the independence of the Federal Reserve. Trump has long pushed for lower interest rates, while Powell continues to sound the alarm on inflation, recently warning the Senate that higher tariffs could fuel price spikes this summer.
📉 Dollar Weakens as Tensions Rise
The U.S. Dollar Index (DXY) has been sliding.
As of Thursday: DXY sits at 97.17
That’s a sharp 11.82% drop from 110.00 back in January 13, prior to Trump’s inauguration.
🌐 Bitcoin and Ethereum See Massive Inflows
Amid political pressure and doubts over Fed neutrality, investors are shifting toward digital assets.
📈 According to SoSoValue:
$547 million poured into Bitcoin spot ETFs on Wednesday — the 12th straight day of net inflows.
Total spot ETF inflow volume has now hit $48.14 billion, with net assets at $134 billion.
Ethereum ETFs also surged, adding $60 million in fresh capital. Their net inflow volume is now $4.1 billion, and net assets have hit $10 billion.
💰 Bitcoin Rebounds Strong After Weekend Drop
Current price: $107,356
Sunday’s low: $98,227 (due to geopolitical sell-off)
Now, Bitcoin appears to be stabilizing — with bulls eyeing a return to $110K territory.
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⚠️ Market Implications:
Powell under pressure = rate cut potential = bullish for crypto
Political uncertainty = institutional pivot to BTC & ETH
ETF momentum suggests strong investor appetite for digital hedges