{"content":"Fed Shake-Up Incoming? Crypto Market on Edge Amid Powell Resignation Rumors The crypto market is rising after Bitcoin and Ethereum led a surge. Bitcoin surpassed $112,000, hitting unprecedented levels at $118K. Ethereum broke $2,850 resistance, reviving major altcoins. US political happenings have contributed to the excitement and intrigue. Federal Reserve Chairman Jerome Powell may resign, according to rumors. Trump is pressuring the Fed to decrease interest rates, something Powell has yet to do. Bullish price movement and a key economic background suggest bitcoin may be entering a new growth phase. The crypto market is entering murky but possibly combustible terrain as US Federal Reserve leadership is rumored. William J. Pulte, US Director of Federal Housing, added a stunning comment from Fannie Mae's Chairman of the Board. “Reports that Jerome Powell may resign are encouraging. The statement said, "I think this will be the right decision for America, and the economy will boom," repeating demands for a more market-friendly central bank. Pulte cited himself as Powell's potential rumors grew. Jerome Powell is the most-covered Federal Reserve Chair in recent history. The bond market has reacted warily to the news, sending rates to new daily highs, suggesting investors aren't entirely pricing in a departure. Still, the stakes are high. Should Powell resign, his replacement may support President Donald Trump, who has advocated for a 300+ basis point rate decrease. A dovish Fed chaired by a Trump sympathizer would encourage capital rotation into digital assets, perhaps launching a crypto bull run. Markets await confirmation—or denial—of a major tipping point for conventional banking and digital assets. After months of consolidation, this breakout effort is noteworthy. The market is challenging its highs from earlier this year, and a breach over $3.75 trillion might lead to new territory. It would be the largest crypto value ever if verified. #Powell #TRUMP #TrumpTariffs #USCryptoWeek #BTCBreaksATH $BTC $XRP $BNB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/12/fbe75dab8b45409f8e4b621b79bbf67c.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}