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BTCC / BTCC Square / Global Cryptocurrency /
Trump Calls for Jerome Powell Resign: Will it Save Crypto Market?

Trump Calls for Jerome Powell Resign: Will it Save Crypto Market?

Author:
Global Cryptocurrency
Published:
2025-07-09 10:18:02
9
2
BTCCSquare news:

U.S. President Donald TRUMP demanded Federal Reserve Chair Jerome Powell's resignation on July 9, 2025, citing alleged misconduct over Fed headquarters renovations. The political uncertainty surrounding central bank leadership could inject volatility into financial markets, including cryptocurrencies.

While no direct crypto market impact is evident, such high-profile regulatory scrutiny often triggers speculative trading. Bitcoin and major altcoins may see heightened price action as traders assess potential macroeconomic implications of a Fed leadership change.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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