This week, the most significant event for cryptocurrency enthusiasts is the Federal Reserve’s statements. The anticipated scenario of a considerable slowdown in interest rate cuts has materialized. Additionally, Powell’s firm stance on Bitcoin 
$101,226 is a major contributing factor to the overall decline in cryptocurrencies.
Powell’s Position on Bitcoin
Powell, who will serve at the Fed for at least another two years, cannot be easily removed like other public officials. Trump acknowledged that it wouldn’t be wise to dismiss Powell for economic stability, allowing him to remain until his term ends in 2026.
Moreover, it is not easy to remove Fed chairpersons. If Trump had attempted it, it would likely lead to a legal battle with a strong chance of Powell winning. Beyond this, Powell explicitly stated that the institution would not accumulate Bitcoi...
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