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Fed’s Powell Defies Trump Again, Pressuring Bitcoin, Crypto Markets

Crypto News

When it comes to the US currency, President Trump and Treasury Secretary Bessent have expressed opposing views. For the moment, the path of least resistance is weaker, but with limits.

While that should have triggered a sustained rally in cryptos, Federal Reserve’s pause after three rate cuts in a row late last year pushed digital assets significantly lower.

This week, after surpassing $89,500, Bitcoin’s price initiated a recovery trend, yet it struggled to exceed the $90,000 mark.

If Bitcoin falls below $87,000, it could potentially extend its decline.

Many in the financial sector anticipated Wednesday’s decision by the US Federal Reserve to keep rates unchanged and defy US administration’s pressure for deeper and faster rate cuts.

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