President Donald Trump appears to have solidified his dominance over the Federal Reserve, aiming to manipulate monetary policy for favored interest rate reductions. With influence over more than half of the board, Trump’s objectives seem poised for realization. This shift raises questions about the impacts on altcoins and the ETHBTC trading pair.
Why Did Trump Choose This Path?
In a notable development, Trump ousted Fed member Lisa Cook, who was initially appointed to serve until 2038. Accusations of mortgage fraud have emerged against Cook, rooted in what are described as minor procedural discrepancies. The Federal Reserve spokesperson reiterated that their actions adhere to court rulings, underlining the importance of long-term decision-making free from political pressure.
Cook is expected to challenge her dismissal legally, a step that highlights the tension between political desires and economic integrity. The ability to terminate a Reserve governor rests solely with the president and must be backed by “just cause.”
What Effects on Altcoins and ETHBTC?
Upon Trump’s announcement, claiming control over the Federal Reserve and improved relations with China, Bitcoin witnessed a surge beyond $111,000. Notably, a stable reclaim of $112,500 is crucial for sustaining this uptrend. The ETHBTC pair continues to be a focal point for altcoin investors.
Despite previous setbacks, recent activity above the 0.04 BTC level brings optimism. Surpassing this threshold indicates a potential for recovery. Should forthcoming data regarding Ethereum ETFs be positive, it might prompt investors to seek riskier assets, setting the stage for an altcoin market rally, specifically within the 0.044 to 0.05 BTC range.
The Fed is now under our control, and relations with China are excellent.
• Trump’s influence over the Fed is growing, reshaping monetary policy toward lower interest rates.
• Legal challenges from former Fed member Cook could spotlight political interference in economic decisions.
• Bitcoin’s breakthrough to $111,000 marks a pivotal moment for cryptocurrency stability.
• Positive ETH ETF reports could enhance risk appetite, favoring an altcoin surge.
Trump’s concentrated efforts to direct the Federal Reserve’s policy may reverberate through global markets and impact cryptocurrency assets. The emerging financial landscape under his stewardship holds the potential for both opportunity and uncertainty as investors navigate these turbulent waters.
