Bitcoin Priceafter reaching a new history high in May, they struggle to maintain momentum. Despite the first happiness after the president’s reelection Donald Trumpthe world’s most famous cryptocurrencies are currently at a stage of uncertainty, Federal Reserve System And economic tensions surrounding the US dollar.
Trump recently announced that the Fed’s next president’s choice will be made public “quickly.” In an interview with Air Force 1 reported by Reuters, the president repeated his position.
“If we had a good Fed president, they would lower the fees and if inflation appeared in a year or two, they would raise them again.”
Kevin Worsh in pole position to lead the Fed
Among the names most cited for the succession of Jerome Powell are: Kevin Worshformer Fed governor, currently leading forecasts for forecast platforms PolymateEquipped with blockchain technology. Trump described Worsh as “highly appreciated,” suggesting that his appointment may be imminent.
Warsh recently joined a panel on monetary policy Hoover Facilities He outlined his vision at Stanford University: According to him, the Fed was able to lower the balance sheet and lower the fees. “If we can stop printing money, we may have a lower financial policy rate,” he said.
Interest rates and Bitcoin
Crypto Market Analysts, especially Exchange Analysts Bitfinexwe are closely watching the Fed’s movements. In comments sent via email, they said the potential rate cuts would be “a positive for dangerous assets like Bitcoin.” According to their predictions, if Bitcoin maintains the above support $105,000you can aim for the range between $120,000 and $125,000 In June.
However, they emphasize that it is not only a labor market that affects the Fed’s decision, but that a combination of factors could lead to rate cuts faster than expected.
Inflation and trade tariffs: delicate balance
The debate on interest rates is further complicated by the Trump administration’s trade policy. The Fed shows that Global tariffs What was imposed by the president was that he decided not to change the fees during the June and July meetings, as it could lead to a surge in inflation. The market remains split over the possibility of changes in September. CME FedWatch tool.
Next week is important: Consumer Price Index (CPI) The US was able to show a new rise in inflation after the first few months of 2025.
Pressure on the Fed: Trump advocates interest rate cuts
Trump updated the Fed’s call to cut interest rates that have been stable for months since the September reduction cycle began. In April, the White House confirmed that the president was considering the possibility of eliminating Powell to cut rates, but later revealed that Trump would not intend to replace him before the end of his term, scheduled for next year.
According to Nicholas HyettPowell, investment manager at Wells Club, remains unstable.
“As interest rate cuts become less and less, the Fed’s chairman can hope to remain on the president’s crosshair.”
Hyett also commented on stronger employment data than expected, which strengthened the Fed’s position to maintain fees without changing. However, this scenario complicates the Trump administration’s financial plan. “Big beautiful bill”.
Elon Musk and the fear of the collapse of the dollar
To further complicate the photograph, the position of billionaire Elon Musk was added, reportedly expressing concerns about the possibility of a dollar collapse. His statement was made with caution, but its impact on the market was significant, further increasing speculation about the future of US currency as an alternative and the role of cryptocurrencies.
Potential “$37 trillion time bombshaking investors and raising awareness of systemic risks associated with public debt and US financial stability.
Bitcoin between hope and uncertainty
In this context, Bitcoin is interrupted between hope and fear. On the one hand, rate cuts may represent a new bull phase catalyst. Meanwhile, political uncertainty, trade tensions and inflation make the picture extremely unstable.
The cryptocurrency market remains hoped, with the eyes locked into the White House and the Federal Reserve system. The appointment of a new Fed chair and future monetary policy decisions are important for the future of Bitcoin and the crypto ecosystem as a whole.
In the meantime, investors continue to monitor all signals coming from Trump, the Fed and influential figures like Musk, and recognize that in such a fluid context, even a single statement can change the balance of the global market.
