Bitcoin Steady as Traders Eye Potential Fed Shake-Up

Bitcoin Steady as Traders Eye Potential Fed Shake-Up
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Bitcoin remained stable as traders anticipated a potential leadership change at the Federal Reserve. Reports suggest President Trump may replace Fed Chair Jerome Powell, influencing interest rates and market liquidity. The crypto market showed cautious optimism, with Bitcoin edging higher amid broader financial shifts.

  • President Trump is reportedly considering replacing Fed Chair Jerome Powell, which could lead to lower interest rates and increased market liquidity.
  • Bitcoin and Ethereum saw modest gains as traders anticipated a more dovish Fed policy, with Bitcoin trading around 106,950.
  • The Dow Jones surged over 300 points, and the USD fell to a three-year low, signaling broader market reactions to potential Fed changes.
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