Fed Governor Kugler Quits , Crypto’s Next Big Break or Bust?
Dear my crypto friends, please like and follow me if you are enjoying my content .now today news is that Federal Reserve Governor Adriana Kugler just announced she’s stepping down from the Fed board, effective August 8, opening a spot for Trump to fill . This is huge for crypto! Kugler, a Biden pick, was hawkish, pushing to keep interest rates steady to gauge Trump’s tariff impacts . High rates choke liquidity, often tanking altcoins like Solana or Avalanche, which are already wobbly after ETH’s dip below $3,500.$ETH $BTC $CRV
Her exit might be personal she’s heading back to Georgetown University but whispers suggest Trump’s pressure for lower rates could’ve played a role . Trump’s been vocal about wanting a rate cut, which could flood markets with cash, boosting alts like Cardano or Polkadot. A new Trump friendly governor might tilt the Fed toward looser policy, a win for crypto’s growth.
But here’s the catch m markets hate uncertainty. Kugler’s resignation could spark short-term jitters, especially with Powell’s term ending soon. Altcoins might face volatility until Trump’s nominee is clear. My take? Watch for Bitcoin holding $120K and ETH’s $3,200 support. If they stabilize, alts could rally. Grab this dip, stay sharp, and let’s ride the wave
thanks