Bitcoin Under Pressure: The Trump and Powell Conflict Shakes Markets and Cryptocurrencies

The price of Bitcoin has dropped to $105,252 due to rising tensions between President Trump and Federal Reserve Chairman Powell, as Trump pushes for interest rate cuts while Powell insists on independence.

The currency experienced sharp fluctuations in June but achieved a quarterly gain of 29.9%.

Currently, Bitcoin is trading at $107,670 amid positive expectations for the third quarter if political tensions ease and interest rate policy becomes clearer.