Trump just torched Powell again, calling him "incompetent" and saying he shouldn't even be on the Fed Board.
This isn't new drama but it matters for macro:
→ Trump wants easier money
→ Powell's holding rates tight
→ Tension = policy uncertainty
For crypto: Rate cuts = liquidity = risk-on. But if Trump keeps attacking the Fed's independence, expect volatility spikes.
Watch $BTC correlation to DXY and 10Y yields. If Powell folds, we pump. If he digs in, chop city continues.
Political risk is back on the table. Trade accordingly.
This isn't new drama but it matters for macro:
→ Trump wants easier money
→ Powell's holding rates tight
→ Tension = policy uncertainty
For crypto: Rate cuts = liquidity = risk-on. But if Trump keeps attacking the Fed's independence, expect volatility spikes.
Watch $BTC correlation to DXY and 10Y yields. If Powell folds, we pump. If he digs in, chop city continues.
Political risk is back on the table. Trade accordingly.