📰 Bitcoin (BTCUSD) Surges Near $120K on Rumored Fed Chair Powell Resignation

📅 Jul 22, 2025, 21:43 EDT | 🔗 Source: U.Today

🧠 Summary

Fake rumors of Fed Chair Powell's resignation sparked a surge in Bitcoin prices, nearing $120,000. Despite no official confirmation, pro-crypto figures expect Powell's departure soon, potentially fueling bullish sentiment for BTC in reaction to Fed policy uncertainties.

💡 Why this signal?

  • Unsubstantiated rumors of Jerome Powell's resignation triggered rapid buying interest in Bitcoin, highlighting market sensitivity to Fed leadership changes.
  • Pro-Bitcoin influencers and politicians are leveraging the speculation to boost crypto sentiment amid ongoing criticism of Powell’s interest rate policies.
  • The possibility of Powell leaving early creates uncertainty about future Federal Reserve policies, which typically benefits decentralized assets like Bitcoin.

📈 BTCUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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