$BTC Fed Shake-Up Incoming? Crypto Market on Edge Amid Powell Resignation Rumors

The crypto market is rising after Bitcoin and Ethereum led a surge. Bitcoin surpassed $112,000, hitting unprecedented levels at $118K. Ethereum broke $2,850 resistance, reviving major altcoins.

US political happenings have contributed to the excitement and intrigue. Federal Reserve Chairman Jerome Powell may resign, according to rumors. Trump is pressuring the Fed to decrease interest rates, something Powell has yet to do.

Bullish price movement and a key economic background suggest bitcoin may be entering a new growth phase.

The crypto market is entering murky but possibly combustible terrain as US Federal Reserve leadership is rumored. William J