#Bitcoin Price Slide After Trump Fed Chair Comments


$BTC price fluctuated between $119,000 and $119,650 following President Trump's mixed signals about firing #Fed Chair Jerome Powell.


#Trump told reporters he's "not planning on doing anything" despite calling Powell's performance "lousy."


Trump had reportedly shown GOP lawmakers a draft letter firing Powell during a meeting about #crypto legislation.


The President has repeatedly pressured Powell to lower interest rates, arguing it would reduce government debt burden.


Analysts believe challenging Fed independence could benefit $BTC and gold as alternative stores of value.


If Trump fires Powell, it would be unprecedented and could create #volatility in traditional markets while potentially boosting Bitcoin.

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July 17, 2025 at 12:28 AM
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