Donald Trump urged the resignation of Jerome Powell, the Chair of the Federal Reserve, raising questions among analysts about potential consequences for financial markets.
Trump's Call for Powell's Resignation
Donald Trump, the 45th President of the United States, on July 9, 2025, called for Jerome Powell's resignation; however, there have been no direct statements from either Trump or Powell regarding this demand.
No Immediate Market Reactions
No immediate and specific market reactions have been recorded following Trump's call. The cryptocurrency markets are closely monitoring the situation for any potential ramifications.
Bitcoin's Prospects Amid Financial Uncertainty
Currently, Bitcoin is trading at $109,067.46 with a market cap of $2.17 trillion. It has shown a 0.75% increase over the past 24 hours. Historically, political tensions involving the Federal Reserve have led Bitcoin to act as a safe haven asset, mitigating the impacts of market volatility.
The consequences of Trump's call for Powell's resignation remain unclear, and experts are awaiting further actions from financial authorities.
