U.S. President Donald Trump is solidifying his influence over the Federal Reserve, which may significantly alter monetary policy and impact cryptocurrency markets.
Trump's Policy and the Fed
With influence over more than half of the Fed board, Trump aims for interest rate reductions. This shift raises concerns about potential effects on altcoin markets and the ETHBTC trading pair.
Legal Consequences for Lisa Cook
Trump ousted Fed member Lisa Cook, originally appointed until 2038. She faces accusations of mortgage fraud related to minor procedural discrepancies. Cook is expected to challenge her dismissal legally, underscoring tensions between political interests and economic integrity.
Impact on the Cryptocurrency Market
Trump's announcement of control over the Fed has led to Bitcoin prices surging past $111,000. A stable reclaim of $112,500 will be crucial for maintaining this trend. The ETHBTC pair remains a focal point for investors, with movement above the 0.04 BTC mark indicating potential recovery for altcoins.
Trump's increased control over the Fed may significantly influence global markets and cryptocurrency assets, presenting both opportunities and uncertainties for investors.
