According to CNBC on the 7th (local time), Jerome Powell, the Chair of the United States Federal Reserve (Fed), stated that "President Donald Trump's request for a rate cut does not affect our work in any way."


JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.


!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
