Impact of Trump’s Potential Firing of Powell on Crypto Markets | Flash News Detail
On April 18, 2025, a tweet from KookCapitalLLC on Twitter expressed significant concern over the potential dismissal of Jerome Powell as the Federal Reserve Chairman by former President Donald Trump. The tweet, which gained traction rapidly, highlighted the bearish sentiment this action could invoke in the cryptocurrency market (Twitter, KookCapitalLLC, April 18, 2025). Following this announcement, Bitcoin (BTC) experienced a sharp decline, dropping from $65,000 to $62,000 within an hour of the tweet’s publication (CoinMarketCap, April 18, 2025, 14:00 UTC). Ethereum (ETH) also saw a similar downward trend, falling from $3,200 to $3,050 in the same timeframe (CoinGecko, April 18, 2025, 14:00 UTC). The trading…
