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President Trump’s hints at replacing Fed Chair Jerome Powell have rattled markets, triggering volatility in both traditional finance and Bitcoin. Investors are closely watching the potential policy shifts, with Bitcoin emerging as a hedge against uncertainty.
- Bitcoin price rose 1.5% amid speculation over Powell's replacement, trading at $105,536.85.
- Legal experts note Powell cannot be dismissed without cause, but Trump may push for an early successor.
- A dovish Fed Chair could trigger a crypto bull run by easing financial conditions and slowing quantitative tightening.
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