#Powell #TRUMP
đđBitcoin Volatility Spikes as Trump Comments on Fed Chair Powell
U.S. President Donald Trump's remarks on Federal Reserve Chair Jerome Powell are stirring the crypto market. $BTC surged to $119,500 before dipping to $119,000, now trading at $119,650, up 2% in the last 24 hours (CoinGecko). Trump criticized Powell's performance but denied plans to fire him, saying, "We're not planning on doing anything." This contradicts a Bloomberg report suggesting Powell's ousting is imminent.
Analysts note that firing Powell could disrupt stocks and bonds but benefit Bitcoin and gold as alternative stores of value. Trump's pressure on Powell, including over the Fed's $2.5B HQ renovation, adds to the uncertainty.
