Trump hints at new Fed chair decision, Bitcoin on high alert
ByFinaGuru
Sunday, Jun 8, 2025 8:04 am ET1min read
BTC--
U.S. President Donald Trump has announced an imminent decision on the next Federal Reserve chair, sparking anticipation and speculation in the cryptocurrency market. Trump has called for lower interest rates, which could have significant implications for Bitcoin. Analysts believe that multiple catalysts, including potential rate cuts, could prompt a faster-than-expected pace of price increases for Bitcoin. The upcoming release of U.S. consumer price index inflation data and Trump's global trade tariffs will also be closely watched by investors and analysts.
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