$BTC Drops Below $105K as #Trump Criticizes #Powell Ahead of Fed Decision


$BTC fell 0.8% to $104,800 as President Trump called Federal Reserve Chair Jerome Powell "stupid" regarding interest rate policy.


Trump argued the Fed "probably won't cut rates today" despite claiming "no inflation" from his tariff policies.


#Altcoins dropped harder, with $SOL declining 3.2% to $146 and $XRP falling 3.1% to $2.15 across major exchanges.


The Federal Reserve is expected to hold interest rates steady at 4.25%-4.5% for the fourth consecutive meeting.


Fed futures traders showed 99.9% probability of no rate change as policymakers assess #tariff impacts on inflation.


Market attention focuses on Powell's post-decision press conference for potential #Fed policy language shifts regarding economic outlook.

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June 18, 2025 at 7:01 PM
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