#TRUMP BITCOIN PRICES SURGE AS TRUMP PLANS FEDERAL RESERVE CHAIR REPLACEMENT!
Bitcoin's price surged to $93,136 after Trump clarified he wouldn't fire Federal Reserve Chair Jerome Powell, quelling speculation about the Fed chair's job security. This surge represents a 6% increase in Bitcoin's price within 24 hours.
Key Factors Influencing Bitcoin's Price:
Trump's Stance on Interest Rates: Trump wants the Fed to cut interest rates to ease the effects of trade wars, while Powell prefers a cautious approach.
Market Sensitivity: Bitcoin's price reacts swiftly to political uncertainty, highlighting its growing correlation with macroeconomic factors.
Dollar's Weakness: A weaker dollar, partly due to Trump's stance on the Fed chair, makes Bitcoin more attractive as a hedge against inflation and financial instability.
Investor Perception: Some investors view Bitcoin as a hedge against traditional financial risks, including government and monetary policy uncertainties .#NODEBinanceTGE #BTC110KToday? #Fed #BTC110KToday?