Summary
- It was stated that President Trump's remarks about dismissing the Fed Chair led to the strength of Bitcoin and gold.
- Markus Thielen, founder of 10x Research, reported that Bitcoin's rise was triggered by the sharp decline in the value of the US dollar and the rise in gold prices.
- Bitcoin recorded a higher growth rate compared to other altcoins, with the possibility of Fed independence acting as a major catalyst.
As President Donald Trump continues to comment on the Federal Reserve (Fed), gold, considered a safe asset, and digital gold Bitcoin (BTC) are showing strength during the day.
On the 21st (local time), the cryptocurrency specialized media CoinDesk noted that Bitcoin recorded a higher growth rate compared to other altcoins, reporting that President Trump's remarks about dismissing Jerome Powell, the Fed Chair, triggered this.
As of 1:16 PM on the 21st (KST), Bitcoin is trading at $87,234, up 2.53% from the previous day. This is a higher rate than major altcoins such as Ethereum (+1.50%), XRP (+1.68%), Binance Coin (+1.69%), and Solana (-0.88%) at the same time.
Markus Thielen, founder of 10x Research, analyzed that Bitcoin's rise to $87,000 was triggered by the sharp decline in the value of the US dollar and the rise in gold prices, stating, "All of this is due to President Trump's move to replace the Fed Chair. The main catalyst can be seen as the possibility of Fed independence."
Previously, on the 17th, President Trump announced through his social media (SNS) channel, Truth Social, "The dismissal of Chair Powell cannot be delayed," and "The Fed must implement a rate cut."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
