Trump is reportedly considering removing Fed Chair Jerome Powell, pushing the DXY below 99 — its lowest level since March 2022.
While the dollar tumbles, Bitcoin (BTC) soared above $87,500, reaching its highest price since Independence Day.
“Powell can’t be removed fast enough!” Trump wrote, blaming him for being “too late and always wrong” with rate cuts.
The White House is actively reviewing Powell’s dismissal, raising serious questions about Fed independence and market stability.
Meanwhile, analysts note that a weak USD often fuels crypto rallies, as investors seek inflation-resistant assets. Gold also spiked over $3,380, and the Euro rose above $1.15.
📉 DXY at 98.2
📈 BTC +3.5% in 24h
💥 Is this just the beginning of a dollar-driven crypto rally?
What’s your take? Will Trump’s showdown with Powell push Bitcoin to new highs?
👇 Drop your thoughts below!
