How Jerome Powell’s potential ousting impacts crypto?
Jerome Powell, the current Chairman of the U.S. Federal Reserve, is facing possible removal. This is a critical moment that could shake the cryptocurrency market. Political instability surrounding his potential ousting adds a layer of uncertainty that might lead to heightened market volatility. In history, challenges to Fed leadership have often caused significant market upheavals – Nixon’s era is a vivid example.
What does Powell’s ousting mean? It carries deep implications. A compromised Fed independence could shake investor confidence, driving crypto prices down. Right now, Bitcoin trades at $119,051.50 with a market cap just over $2.36 trillion. The market is reacting to the uncertainty; analysts expect volatility to rise,…
