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Trump’s Turnaround Calms Stock Market, Impacts Cryptocurrency Sentiment
Trump’s Turnaround Calms Stock Market, Impacts Cryptocurrency Sentiment
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Wall Street rallied as President Trump retreated from his threat to dismiss Federal Reserve Chair Jerome Powell, a move that restored confidence among traders and propelled major indexes upward. The president’s reversal eased concerns over political interference in central bank independence, a development that also buoyed sentiment in cryptocurrency markets. While digital assets weren’t explicitly mentioned, the broader financial landscape benefited from the renewed stability. Markets thrive on predictability—Trump’s climbdown offered just that, turning volatility into measured optimism.
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