- Speculation about Trump firing Fed Chair Powell influences U.S. stock indices.
- Minor declines observed in Dow, Nasdaq, and S&P 500.
- Crypto markets remain unaffected despite leadership rumors.
Rumors have emerged suggesting former U.S. President Donald Trump might soon remove Federal Reserve Chair Jerome Powell, leading to a dip in the major U.S. stock indices on July 16th.
Reports indicate that rumors regarding the potential removal of Fed Chair Jerome Powell led to immediate market reactions. This unconfirmed speculation saw the Dow shedding 0.34%, Nasdaq falling 0.45%, and S&P 500 losing 0.35% during intraday trading.
Crypto Stability Amidst Traditional Market Fluctuations
Historical Context, Price Data, and Expert Analysis
According to CoinMarketCap, Bitcoin as of July 16, 2025, trades at $118,956.01 with a market cap of 2.37 trillion. Over recent periods, BTC has shown steady gains, rising 2.00% over 24-hours and notably surging 40.41% over 90 days.
Earlier today, the Chairman of the U.S. House Financial Services Committee, Hill, stated that there are sufficient votes to advance a stablecoin bill. Additionally, the House has the necessary votes to push forward three cryptocurrency-related measures.
The Coincu research team suggests potential regulatory, financial, and technological shifts could
Did you know? Changes in Fed leadership or perceived pressure have historically driven short-term volatility in equity markets, often sparking brief upswings in finance safety assets like Bitcoin.
Though no immediate reactions link cryptocurrency market dynamics to the Powell rumors.
Financial markets, especially crypto, maintained bullish stability, showing no direct connection to the rumors circulating about Powell’s tenure.
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Source: https://coincu.com/349060-crypto-markets-unaffected-trump-powell-speculation/