The crypto market in 2025 was expected to boom, but it faced challenges. Bitcoin initially surged to $109K after Donald Trump’s inauguration, giving hope for a bull run. However, new tariffs and delays in crypto regulation caused prices to drop. Currently, Bitcoin is struggling to stay above $84K, and uncertainty is affecting the market.
President Trump’s recent attack on Federal Reserve Chair Jerome Powell is causing concern for investor confidence. In an already tense market, this kind of pressure is not welcomed. Senator Elizabeth Warren, who is often critical of Wall Street and the Fed, surprisingly defended Powell. She emphasized the importance of protecting the Fed’s independence for the US economy. Warren warned that if the president can fire Powell, it will crash the markets and likened it to a dictatorship.
Trump’s criticism of Powell on the social media platform Truth Social has further shaken markets and alarmed lawmakers. It is important to note that this was not an official attempt to fire Powell, but the harsh tone still had an impact.
Powell has previously stated that a president cannot fire a Fed chair without cause, and no legal steps have been taken so far.
The Fed’s decision on interest rates and the uncertainty surrounding Trump’s tariff plans are already affecting the market. If trade tensions escalate and Trump tries to remove Powell, the situation could worsen. Several senior senators have warned that it would only add to the instability.
The market is already sensitive to signals from the Fed and political headlines. If the White House interferes with the Fed’s independence, it could damage trust in the US financial system itself.
Overall, the market is facing uncertainty due to Trump’s attack on Powell and the potential consequences it may have on investor confidence.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
