In a dramatic and unexpected development, reports have surfaced that former President Donald Trump has fired Federal Reserve Chairman Jerome Powell. While the news is yet to be officially confirmed, the leak has already sent shockwaves through global markets—especially crypto.
The crypto market reacted swiftly, with a notable surge in volatility. Bitcoin ($BTC ) spiked briefly above key resistance levels, while altcoins such as Ethereum ($ETH), Solana ($SOL ), and Ripple ($XRP ) also showed sharp intraday gains. Analysts attribute the response to renewed expectations of unorthodox monetary policies and potential shifts in interest rate strategies.
Market watchers are closely monitoring the situation as uncertainty looms over the Federal Reserve’s future direction. A change in leadership could signal more aggressive liquidity measures, potentially fueling further crypto adoption.
Stay tuned as more details unfold.
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