On July 31, former U.S. President Donald Trump allegedly criticized Federal Reserve Chair Jerome Powell for the slow pace of rate cuts. Despite these comments, there has been no official confirmation from Trump, and the reaction in the cryptocurrency market remains steady.
Trump's Critique of the Fed
Trump reportedly suggested that rate cuts would help homebuyers; however, there are no substantial sources confirming this statement. Public remarks from Trump focus on Powell's actions, which are closely watched but do not lead to immediate changes.
Cryptocurrency Market Remains Stable
Despite a historical trend where Trump's comments provoke volatility in the cryptocurrency space, current market conditions exhibit stability. Recent data shows that prices for Bitcoin and Ethereum remain within acceptable ranges without significant shifts.
Historical Link Between Trump's Statements and Markets
During the 2019-2020 period, Trump's criticism of the Fed often coincided with heightened volatility in risk assets, including cryptocurrencies. However, recently such effects are not observed. Analyzing price dynamics reveals that the market has become more resilient to macroeconomic factors.
Speculations around rate reductions may influence future market movements; however, the current lack of official confirmation from Trump creates an atmosphere of uncertainty, maintaining the existing stability in the cryptocurrency market.
