Bitcoin Braces For Fed Shake-Up As Trump Eyes Powell Exit
Bitcoin remained stable as traders anticipated changes at the Federal Reserve, with President Trump reportedly considering replacing Fed Chair Jerome Powell. This potential shift could alter interest rates and market liquidity. The Dow Jones rose over 300 points midweek, positively impacting Bitcoin, which reached around 106,950 before slightly declining. A possible dovish Fed policy, indicated by discussions of Powell's replacement, may benefit risk assets like Bitcoin and Ethereum. The US dollar fell to a three-year low, and bond yields decreased, suggesting easier monetary conditions ahead. Bitcoin traded at 106,950 on Friday, with minor fluctuations. Market optimism was fueled by rising equities, particularly in tech stocks, amid expectations of halted rate hikes. Despite the bullish sentiment, uncertainty remains as no official changes have been confirmed regarding Powell's position.
