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Trump vs. Powell: Can Crypto Survive the US Economic Power Struggle?

  • President Donald Trump has targeted Federal Reserve Chair Jerome Powell, accusing him of being too late in cutting interest rates, creating tension in the U.S. economic landscape.
  • Trump's upcoming 'Liberation Day Tariffs' deadline aims to influence trade negotiations or impose tariffs on global players, potentially impacting market dynamics extensively.
  • The clash between Trump's push for rate cuts and Powell's hesitation could lead to short-term volatility in crypto markets but may favor crypto in the long run due to a weaker dollar, potential boost in blockchain payments, regulatory delays, and Bitcoin's role as a hedge.
  • The outcome of Trump's trade announcements by August 1st and the interaction between U.S. economic policies could determine the direction of crypto markets, with potential for rallies or corrections in Bitcoin and Ethereum.

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