#BTC Bitcoin News: Powell's Resignation Affects Market Sentiment, Pantera Capital CEO Praises Bitcoin
Bitcoin has surpassed a new high of $112,000. This new momentum is driven by a new sentiment towards the cryptocurrency outlook, which may affect the long-term prospects.
It has been reported that Federal Reserve Chairman Jerome Powell is about to resign. This could be one of the factors strengthening the bullish conviction in Bitcoin. Interestingly, President Trump recently called for Powell's resignation due to his failure to lower interest rates.
After the news of Powell's resignation broke, the price of Bitcoin soared, indicating that the market sees this as a favorable outcome. Investors in risk assets have already lost patience with him due to Powell's refusal to cut rates, especially in light of significant rate cuts in some other major economies, including the UK. Powell's departure has sparked expectations that his successor will adopt a more dovish interest rate policy. Historically, lower interest rates have been favorable for the bullish outlook of risk assets, including cryptocurrencies.
Can Bitcoin avoid the looming concerns of a tariff war?
Despite the persistent worries about the escalation of the tariff war, the price of Bitcoin has reached an all-time high. But will this time be different? Some industry insiders believe it might be. Pantera Capital CEO Dan Morehead is also involved. He pointed out that Bitcoin remains one of the best stores of wealth, especially in the context of soaring fiscal deficits and tariff threats.
Meanwhile, the latest developments in the tariff war show that President Trump has sent tariff letters to several countries. In other words, the world economy will face more turbulence in the coming weeks.
Will bonds become an uncertainty for Bitcoin (BTC)?
We previously pointed out that one of the main reasons BTC was able to rebound so quickly during the pause in the tariff war is the lack of direct exposure.
The same factors highlight Bitcoin's potential as a safe-haven asset, especially from the perspective of bonds.
#BTC再创新高 #美联储6月会议纪要 The joy of one is not as great as the joy of many; you must reach out to pull yourself ashore~
