US President Donald Trump has reignited discussions about replacing Federal Reserve (Fed) Chair Jerome Powell. This has sparked waves across traditional and crypto markets, with Bitcoin poised to reclaim $105,000. The implications are significant, extending beyond monetary policy to the trajectory of Bitcoin, altcoins, and macro risk sentiment globally. Trump’s Phantom Fed Chair Plan Shakes Markets On June 6, Trump stated that his pick for the next Fed Chair is “coming out very soon,” even though Powell’s term does not officially end until May 2026
source: https://beincrypto.com/trump-powell-replacement-talks-bitcoin-crypto/