U.S. President Donald Trump has publicly voiced his dissatisfaction with Federal Reserve Chair Jerome Powell, urging for lower interest rates. His comments reflect ongoing global monetary discussions and have triggered reactions in the financial and crypto markets.
Trump's Criticism of Powell
President Donald Trump openly criticized Jerome Powell, stating, "Powell is playing politics, the interest rate should now be lowered." Trump highlighted the decline of European rates and called for similar action in the U.S., asserting the need for a more accommodative monetary policy.
Bitcoin Price Increase
Bitcoin (BTC) is currently valued at $85,178.72 with a market cap of approximately $1.69 trillion. Over the past 24 hours, Bitcoin's trading volume reached $23.27 billion, showcasing a 1.60% price increase amidst broad market fluctuations.
Outlook for the Crypto Market
According to Coincu researchers, potential regulatory openings could arise if the Federal Reserve opts for an accommodative stance. Historical patterns indicate that such shifts typically boost investor confidence in cryptocurrencies as a hedge against traditional financial uncertainty.
Trump's remarks highlight the growing influence of political factors on financial and cryptocurrency markets, while market participants remain vigilant for signals from the Federal Reserve.
