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Trump Demands Fed Chair Jerome Powell’s Resignation: How Will the Crypto Market React?

  • 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.

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