Bitcoin Breaks New Ground Amidst Political Turmoil

Recent political developments have sent ripples through the crypto market, with speculation surrounding President Trump’s potential removal of Federal Reserve chair Jerome Powell. While this move is legally unlikely, Bitcoin may benefit from a weakening dollar and increased demand for alternative assets as markets adjust to such uncertainty.  Bitcoin has been trading around $85,232.30, demonstrating resilience amidst a tight price range with support at $84,000-$85,000. Experts believe that Bitcoin could experience a significant breakout if Powell’s removal triggers market shifts in favor of the cryptocurrency.