Bitcoin’s Future at Risk as Political Interference Threatens Fed Independence, Says Pompliano
Crypto investor Anthony Pompliano has issued a stark warning about the potential consequences of political interference in Federal Reserve operations, particularly its impact on Bitcoin and broader financial markets. His comments come amid growing concerns over institutional independence and market stability.
Firing Powell Could Set Dangerous Precedent and Harm Crypto, Warns Pompliano
Crypto investor Anthony Pompliano criticized President Trump’s threat to fire Fed Chair Jerome Powell, warning that such a move could undermine the institutional independence of the Fed and set a dangerous precedent. Pompliano expressed concern that this action could particularly harm Bitcoin, stocks, and the global confidence in the US economy.
Bitcoin Hits 2024 Correction Levels—Signs Point to Bullish Reversal
Bitcoin fell over 21% from its $109,114 high, now trading at $85,205. Short-term holder activity has declined, resembling patterns seen before mid-2024’s major rally. Analyst Crypto Dan sees maturing market structure, hinting at possible upside after brief consolidation. Bitcoin has endured a turbulent stretch in recent months, unsettling even experienced investors. Currently priced at $85,205, Bitcoin has seen a 0.87% increase over the past 24 hours.
Spar Supermarkets Begins Accepting Bitcoin Payments in Switzerland
Spar has become the first supermarket in Switzerland to accept Bitcoin (BTC) payments. The announcement follows a partnership with DFX Swiss to enable Bitcoin transactions using the Lightning Network, ensuring quick and low-cost transactions. The store in Zug, known as ’Crypto Valley’, has started accepting BTC, reflecting Switzerland’s growing adoption of digital assets and associated technologies.
Bitcoin Price Warning Signs Point To Short-Term Decline Possibility
Bitcoin price action is displaying several warning signs that could indicate a short-term price decline despite an overall bullish macro landscape. Technical analysis suggests BTC may face downward pressure in the coming weeks before resuming its upward trajectory. The cryptocurrency is currently struggling at the 50-day moving average while facing resistance from a lower high trend line. Additionally, the US dollar chart reveals similarities between current market conditions and those observed in July 2017, hinting at a possible consolidation phase for Bitcoin prices.
Wallet Holding Bitcoin Since $284 Price Awakens After 10 Years
A Bitcoin wallet that had been inactive for a decade has suddenly moved 365 BTC, currently valued at around $29 million. The wallet initially received the Bitcoin when the price was just $284 per coin, placing the original investment at approximately $103,000. This reactivation has raised eyebrows in the crypto community, as it’s not an isolated incident. Recently, another wallet from 2011 moved 100 BTC worth over $7.7 million, and another whale moved 3,000 BTC. All these movements have stirred up discussions in the crypto world.
