Trump Demands Fed Chair Resignation, Triggering Market Volatility in Crypto

Donald Trump has escalated his attacks against the Federal Reserve, demanding the resignation of Governor Lisa Cook and threatening to dismiss Chair Jerome Powell if not removed. This escalation threatens central bank independence, raising concerns about potential market instability. 8 August 2025, amidst ongoing pressure for lower interest rates, Trump’s actions have sparked volatility in cryptocurrency markets. 73% Bitcoin trading volume surged, signaling increased speculative activity. Experts highlight the historical precedent of political interference in the Federal Reserve, which has historically impacted market credibility and asset valuations.