Bitcoin has dropped following eight of the last nine Federal Reserve meetings, with an average one-week loss around 11%, signaling possible near-term weakness after the latest Fed hold.
Donald Trump shared provocative memes on Truth Social mocking Barack Obama as a “traitor” and Jerome Powell falling into a dumpster, continuing his public criticism of political opponents.
Senator Tim Scott expressed hope that Jerome Powell will leave the Federal Reserve chairmanship after his term ends, citing concerns over Powell’s potential resistance to the administration’s agenda.