Bitcoin has struggled to break out in recent months despite a new record of all time in May and Fear of building more than one “delay bomb” of 37 billions of dollars.
The Bitcoin Prize increased above after the election of US President Donald Trump in November, but had trouble keeping this momentum as The president of the federal reserve Jerome Powell is struggling with an imminent “cataclysmic” crisis which heads for the US dollar.
NOW, While Tesla billionaire Elon Musk quietly supports a dollar collapse warningTrump confirmed that a decision on the next president of the Federal Reserve will be released soon, starting the Bitcoin Prize and the cryptography market.
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President Donald Trump said he was going to announce his replacement for the Chair of the Federal Reserve … More
“He comes out very soon,” Trump told journalists on Air Force One, it was reported by ReutersReferring to his choice for the next Fed chair.
“If we had a good president of the Fed, he would reduce the rates and if inflation occurred in a year or two years later, (he) would increase rates,” said Trump in a video poster to X, reiterating its calls prior to the flesh of the Fed Powell to immediately reduce interest rates.
The Federal Reserve is now massively supposed to keep the rates pending during its meetings in June and July, the market shared in relation to its September decision, according to CME Fedwatch tool.
Trump added that the former Fed governor Kevin Warsh, who is currently the favorite appointed As a Fed Next chair on the prediction platform propelled by Crypto, Polymarket, is “very well thought out”, when asked what he thought of him.
Last month, Warsh explained how he thought that the Fed could reduce interest rates if they shrink his balance sheet, developer A panel of monetary policy of the Hoover institution of the University of Stanford that “if the printing could be silent, we could have lower policy rates”.
If the Fed should reduce prices, it “would be optimistic for risk assets like Bitcoin,” said Bitcoin Price and Crypto Market price with Bitfinex Exchange in the comments sent by e-mail.
“We think that if Bitcoin maintains a support over $ 105,000, it could target the range of $ 120,000 to $ 125,000 in June. This will not be catalyzed only on the labor market, but it could be a domino in several catalysts encouraging the Fed to reduce rates at a faster than expected rate.”
This week, Trump again called Powell to reduce prices, which are kept stable while the Fed surprised the markets starting its rate reduction cycle in September.
The Fed has stressed the imminent impact of Trump’s world trade rates as the reason it left the pending rates, predicting that the so-called Trump’s release day dam will increase in inflation.
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The Bitcoin Prize has exploded since Donald Trump’s electoral victory, but Bitcoin Prize … More
The coming week, the latest data on American consumer prices inflation (IPC) should show a price increase after respecting inflation in the first months of 2025.
In April, the White House confirmed that Trump explores if he could dismiss the president of the federal reserve Jerome Powell on Powell’s refusal to reduce the prices, although Trump has since declared that he would not try to withdraw Powell before the end of his mandate next year.
“With less likely prices discounts, the president of the FED, Jay Powell, can expect to stay firmly in the president’s shooting line,” said Nicholas Hyett, head of investments to the Wealth Club, in the comments sent by email and indicating Friday data than expected on Friday.
“This will be considered as a justification by the Trump administration – which has been clear that the prices aim to support Main Street rather than to please Wall Street. Less positive from the point of view of white houses is that a strong economy and an increase in wages give the federal reserve less reasons to reduce interest rates – the push that has moved once more.
