Trump dey pressure Fed make dem change regime, e dey ginger Bitcoin rally
President Trump don press strong to replace Federal Reserve Chair Jerome Powell because of $2.5 billion for building renovation. Former Fed officials Kevin Warsh and Kevin Hassett dey support im move, say e slow for cut rates and dem spend pass. This political pressure dey push expectation for early monetary easing. Traders dey bet for renewed Bitcoin rally as price don climb pass $120,000 because easier policy dey near. Powell cautious for stablecoin regulation, but potential successors get pro-market views, e dey add volatility for crypto market. Upcoming Fed announcements plus US inflation and retail data go important to confirm Bitcoin rally momentum and guide price movements.
Bullish
Di intensified push wey President Trump dey push to change Fed Chair Powell and di criticism about Fed spending don make di market dey expect say rate cuts go happen earlier plus di monetary policy go easier. Historically, dis kind dovish change for US interest rate outlook go benefit risk assets, especially Bitcoin. Dis news don push Bitcoin pass $120,000, supported by institutions wey dey interested. For short term, traders go likely hold bullish positions, dey expect say policy go continue to ease. For long term, if new Fed chair give lower rates, e fit keep di crypto market momentum dey go. But leadership wahala fit cause volatility, so traders suppose dey watch Fed announcements well well.