👀 *INSIDE: Powell’s resignation statement is expected to drop soon.*
Here’s the twist: if Powell steps down voluntarily, Trump can’t immediately appoint a new Fed chair. Instead, the role would temporarily go to one of the current board members - and that’s likely what sparked the market reaction 📉
🪬 _So, who could take over?_ The two most likely names are *Christopher Waller and Michelle Bowman* . Waller is seen as the more market-friendly option — he’s been vocal about cutting rates and has openly said he’d take the top job if Trump asked #TrumpBitcoinEmpire #BTCvsETH #ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase $BOB $SUI $BTC
📊 *Who's actively pumping global liquidity right now?*
> Not the US — it’s China, the main driver of global liquidity. 💰 China’s M1 money supply is up 4.6% YoY on the back of stimulus - and it’s already twice the size of the US. 📦 Total M1 in China: $16 trillion.
Last week was truly a crypto week - both on the charts and in the headlines.
For the first time in a while, the market started to feel some real FOMO : Bitcoin dominance dropped, and liquidity flowed hard into ETH and other tokens. ETH ETFs saw record inflows - $2.18B just last week. Even NFT trading volume hit a 6-month high. 🔥
Most traders are now expecting a correction, especially for ETH — and yeah, the chart kind of screams for it. _When it happens? That’s anyone’s guess. 🤷♂️_
This week brings earnings reports from Google, Coca-Cola, Intel, Tesla, IBM, and General Motors. _Forecasts look strong — which might keep the bullish sentiment alive. 📈_
Some believe this rally is pricing in Powell’s potential resignation — which could mean a rate cut in July. Rumor has it he might step down tomorrow. _If he doesn’t — we could see some reaction. 🧐_
JUST IN: 🇺🇸 Federal Reserve's Christopher Waller says "could cut rates as early as july meeting." #SwingTradingStrategy #XSuperApp #PowellRemarks #FOMCMeeting #IsraelIranConflict $PORTAL $BTC $1000SATS
JUST IN: 🇺🇸 Federal Reserve's Christopher Waller says "could cut rates as early as july meeting." #SwingTradingStrategy #XSuperApp #PowellRemarks #FOMCMeeting #IsraelIranConflict $PORTAL $BTC $1000SATS
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