BREAKING: Leaked Trump ’Fire Powell’ Letter Sparks Denial—Crypto Markets Roil
Rumors of a bombshell presidential memo targeting Fed Chair Jerome Powell sent shockwaves through digital asset markets—until the White House slammed it as 'fake news.' Here's why crypto traders aren't buying the denial.
The Leak That Shook Markets
A document alleging Trump's demand for Powell's ouster hit forums minutes before BTC dipped 3%. Coincidence? Institutional wallets moved $420M in stablecoins within the hour—hedge funds still trust paper trails more than politicians.
Damage Control Mode
The administration's rapid rebuttal did little to calm nerves. 'Classic DC theater,' tweeted a Genesis Trading strategist as ETH options volatility spiked 18%. Meanwhile, DeFi degens leveraged the chaos—AAVE loans for short positions doubled in 90 minutes.
Why Crypto Hates Uncertainty
With Powell's rate decisions directly impacting risk appetite, traders see political meddling as the ultimate black swan. 'The Fed's independence matters more than CPI prints,' argued a CoinShares analyst while Wall Street quietly reshuffled their 'Trump-proof' crypto portfolios.
As the dust settles, one truth emerges: when the Oval Office whispers, crypto screams. And Washington still doesn't understand why.
The buzz around “Trump fire Powell” isn’t just political gossip—it’s a potential financial earthquake. As rumors swirl again and the market reacts, everyone’s asking the same thing: What happens if the Preside... Read More
