#PowellVsTrump 📉 Market Snapshot
Bitcoin held steady around $104,000, trading range tightened after Trump’s jabs; minimal intraday movement
Altcoins (ETH, SOL, XRP) reacted nervously, with declines of 2–3% following Trump calling Powell “stupid” and “numbskull”
🏦 What’s the Scoop?
Fed Pause: The Fed chose again to hold rates at 4.25–4.50%. Powell emphasized caution, citing inflation and global uncertainties
Trump’s Criticism: Trump slammed Powell on Truth Social, threatening removal (“maybe I'll have to change my mind about firing him”) and labeling him with insults in hopes of forcing deeper cuts
Market Uncertainty: Trump’s interference stirred market nerves—crypto volumes rose ~15%, signaling a surge in trading activity amid uncertainty .
⚡ Effects on Crypto
Volatility Spike: Increased volatility seen in both Bitcoin and Ethereum as traders react to political drama
Dollar Weakness = Crypto Support: Trump-Powell feud weakens the US dollar, giving crypto assets some bullish momentum
Eech & Institutional Moves: With the dollar softer and investors wary, institutions might shift assets from traditional stocks into crypto—gravitating towards DeFi and hedge plays .
🔍 Key Levels to Watch
Bitcoin support holds around $102k–104k; resistance near $106k–108k.
Ethereum likely to test its $2.4k zone; strong support below near $2.3k.
A breakdown could lead to a deeper pullback; a rebound could rejuvenate the rally that began with Trump-era pro-crypto policies.
🧩 Bigger Picture
Trump’s past crypto-friendly decisions (like the Strategic Bitcoin Reserve) fuel bullish sentiment, but his recent criticism threatens to inject volatility
The tug-of-war between political influence and Fed independence is stirring short-term price swings—but doesn’t derail the longer-term narrative of growing mainstream adoption.
🎯 Takeaway
Expect choppy trading in the short term as the Powell-Trump clash intensifies.
Watch Fed communications closely—any talk of early rate cuts could spark crypto rallies.
Sideways or slightly bearish dips create potential buy-the-dip opportunities around support zones.
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