#TrumpVsPowell $ETH #TradingCommunity
Why Crypto Traders Should Watch This Power Struggle
The Trump-Powell feud is heating up, and crypto markets are feeling the shockwaves.
On April 17, Trump called for Fed Chair Powell’s removal, triggering immediate drops in Bitcoin and Ethereum prices—BTC fell 0.8% in 15 minutes, and ETH dropped 1.6%. Total crypto market cap slid by 1.2%, while trading volumes and volatility spiked.
🔷Why does this matter for crypto?
▫️Fed Uncertainty = Crypto Volatility: Political tension over Fed leadership fuels uncertainty about future interest rate policy, which directly impacts crypto prices.
▫️Black Swan Risk: Experts warn that a sudden shake-up at the Fed could trigger a “black swan” event, causing unpredictable price swings in Bitcoin and the broader market.
▫️Sentiment Shift: The Crypto Fear & Greed Index dropped sharply after Trump’s statement, signaling rising fear among traders.
Closely monitor U.S. political developments and Fed policy signals. Rapid reactions to news can create both risk and opportunity in the crypto space.
