Fed Legal Turmoil Triggers Cryptocurrency Downturn

Recent turmoil surrounding the Federal Reserve’s leadership is impacting cryptocurrency markets, leading to a decline in valuations. While the release of the Personal Consumption Expenditures (PCE) price index met expectations, the legal challenges surrounding former President Trump’s attempted removal of Lisa Cook from her position at the Fed are creating market uncertainty. This dispute threatens the stability of financial markets and consequently affects cryptocurrencies.