based on materials from the site - By Coincu
Federal Reserve Chair Adriana D. Kugler announced her resignation on August 8, opening a seat on the Board of Directors for President Donald Trump.
Trump's ability to appoint a new head of the Federal Reserve may influence U.S. monetary policy, potentially affecting market sentiment and causing volatility in cryptocurrency markets.
New vacancy at the Federal Reserve: political influence and changes in interest rate policy
The resignation of Adriana D. Kugler from the Federal Reserve Board of Directors gives President Trump the opportunity to appoint a new chair. The Federal Reserve announces new measures to maintain economic stability. Trump’s previous appointees influenced interest rate policy in line with his economic agenda. Trump intends to shape the direction of the Fed amid ongoing concerns about interest rates.
The new appointment could change the balance of power at the Federal Reserve. This could lead to increased political influence and possibly a more flexible interest rate policy, which Trump strongly advocates for. In his post on Truth Social, he reiterated his position, urging the board to take control if Powell continues to resist rate cuts.
"It has been the honor of my lifetime to serve on the Board of Governors of the Federal Reserve..." — Adriana D. Kugler, outgoing head of the Fed, Federal Reserve
Implications for cryptocurrencies in light of potential policy changes
In previous years, Trump's appointments to the Federal Reserve led to significant debates over interest rate policy, affecting risk assets such as BTC and ETH, influencing changes in liquidity in U.S. dollars.
According to CoinMarketCap, the current price of Bitcoin is $113,628.80, with a market capitalization of $2.26 trillion, corresponding to a market dominance of 61.44%. Over the past 90 days, the price of Bitcoin has increased by 21.03%, while the trading volume over 24 hours has decreased by 14.65%, amounting to $55.85 billion as of August 3, 2025.
Bitcoin (BTC), daily chart, screenshot on CoinMarketCap at 14:28 UTC on August 3, 2025. Source: CoinMarketCap
The CoinMarketCap research team believes that Trump's recent opportunity to nominate a Fed chair may influence the interest rate debate, potentially affecting market psychology. Past trends suggest that macroeconomic statements can influence investor behavior, especially regarding key cryptocurrencies such as Bitcoin and Ethereum, amidst political and regulatory changes.
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