Will the Crypto Market Collapse if Trump Fires Powell? Here’s the Analysis!

Updated

April 22, 2025

Gambar Will the Crypto Market Collapse if Trump Fires Powell? Here’s the Analysis!

Jakarta, Pintu News – Senator Elizabeth Warren has expressed deep concern over the potential dismissal of Jerome Powell by US President Donald Trump.

According to Warren, these actions could lead to a stock market crash, and the crypto market may follow suit.

In an interview with CNBC, Warren emphasized the importance of the Federal Reserve’s independence in maintaining market stability.

Check out the full information below!

The Relationship Between Stock Market and Crypto

Data from IntoTheBlock shows that Bitcoin price has a correlation of 0.63 with the S&P 500, indicating a strong positive correlation between Bitcoin (BTC) and stocks.

If the stock market experiences a collapse due to Powell’s dismissal, it is expected that the crypto market will also be affected. Speculation about Powell being fired by Trump has been a hot topic, although many market participants doubt it will happen within the year.

Also read: Will Oregon Lawsuit Against Coinbase Rattle Bitcoin’s Rally Toward $100,000?

Reasons to remain optimistic about the crypto market

Despite concerns about Powell’s dismissal, several other factors continue to support a bullish outlook for Bitcoin (BTC) prices and the broader crypto market.

Recently, President Trump signaled a possible end to the US-China trade war, which is good news for the market given the negative impact of previously imposed tariffs.

In addition, the US’ persistent efforts to push for a ceasefire in the Russia-Ukraine war also provided positive hope for the market.

Bitcoin (BTC) Technical Analysis and Price Outlook

From a technical analysis perspective, a crypto analyst known as the Titan of Crypto, suggests that Bitcoin (BTC) and altcoins may have reached their price bottom. Bitcoin (BTC) is reportedly holding up well at key support levels, and some analysts have even stated that Bitcoin (BTC) is “dead.”

However, the included chart suggests that Bitcoin (BTC) could soon return to the $100,000 price level. If this happens, it is expected that the overall crypto market will rebound along with the major crypto.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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