#HODLTradingStrategy The fate of Bitcoin depends on the actions of the U.S. Federal Reserve.

There is also a counter-narrative: some market participants believe that Bitcoin's breakout above $112,100 on Wednesday is not related to fiscal issues or recession fears. Instead, they attribute the broader rally in the stock market to expectations of changes in Federal Reserve policy.

Speculation is also growing around President Trump's possible pressure to replace Fed Chair Jerome Powell. If successful, this move could lead to a more dovish monetary policy. Trump has repeatedly urged the Fed to lower interest rates. According to Fox Business, he is currently evaluating candidates to succeed Powell, whose term ends in May 2026.