Elizabeth Warren warns the stock market against it will be disrupted if Trump shoots Powell, will the encryption market also be disrupted?
Senator Elizabeth Warren looked a warning to US President Donald Trump about the launch of the Federal Reserve Chairman Jerome Powell. Senator believes that such a procedure will disrupt the stock market, while it is also possible that the encryption market will follow its example.
Elizabeth Warren says Trump shoots Powell will disrupt the stock market
in CNBC interviewSenator Warren, a member of the Banking Committee, stated that the stock market will be suspended if US President Donald Trump shoots at the Federal Reserve Chairman Jerome Powell. She explained that the supposed federal reserve independence is the infrastructure that keeps the market strong.
As such, if Trump is able to expel Powell, this will erode the independence of the US Central Bank and sends a message to the market participants that policy can affect the economic decisions of the Federal Reserve, which is landfill for markets.
Warren’s warning is great because the encryption market may also follow its example if the stock market is disrupted after finishing Powell. InteothLock data shows that the Bitcoin price has a 0.63 connection with the S&P 500, indicating a strong positive relationship between BTC and shares.
Therefore, the encryption assets, led by Bitcoin, can witness another accident alongside the stock market if Trump shot Powell. During the past few weeks, the US President has hinted that he is looking forward to the departure of the Federal Reserve Chairman. However, merchants are betting against Trump, calling Powell this year.
Other reasons are still optimistic
While discussions grow about whether Trump will shoot Powell or not, there are still other reasons for classification on Bitcoin price and the broader encryption market. As Coingepe recently mentioned, the American president recently referred to a possible end of the trade war between the United States of China, which is considered difficult in the market, as it saw that the negative effect tariff was so far.
Meanwhile, the United States continues to pressure the ceasefire in the war of Russia, Ukraine. Although it does not seem to have no progress yet, Trump’s insistence can eventually pay profits with Putin’s connection and Zellinski to the agreement.
From the perspective of technical analysis, Titan of Crypto also suggested that BTC and Altcoins may have reached the bottom. He pointed out that BTC holds well with major support, while some are already “dead”.
The associated graph indicated that BTC can soon regain the price of $ 100,000. The broader encryption market is expected to recover along with the main encryption if this happens.
Boluwatife Adeyemi
Boluwatife Adeyemi is a writer and editor of encryption news that covered topics that exceed many topics and ports. Boluwatife has a talent to simplify the most technical concepts and make it easy for the novice encoded. Away from writing, he is a fan of thirsty basketball, traveler and part -time.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: