🔴#BTC Falls Sharply After Trump's Dismissal of Federal Governor
♦️Bitcoin dropped to around $110,000💵, marking its lowest level in 7 weeks, with a loss of 12% from its record high, as investor fears rise over political interference in Federal policy following U.S. President Donald Trump's dismissal of bank governor Lisa Cook.
♦️Cook's dismissal, who denied allegations of mortgage fraud and described the decision as illegal, shocked the markets and increased pressure on the Federal Reserve amid Trump's calls for faster interest rate cuts.
♦️The decline extended to other cryptocurrencies, with Ethereum down 5.7% to $4,439, Solana down 7%, Cardano down 6.2%, while Dogecoin lost 6.6% and $TRUMP around 3.2% amid a broad sell-off.
