President Trump demands Federal Reserve Chair Jerome Powell's resignation, accusing Powell of keeping rates high, costing the U.S. billions in interest payments.
Bitcoin briefly breaks above $112,000 following a period of consolidation, with technical patterns favoring bulls.
Trump's remarks hinting at Powell's resignation boost the crypto market, particularly Bitcoin.
Powell and the FOMC are expected to maintain interest rates at the next meeting on July 30, impacting Bitcoin and Solana meme coins.