The post Trump’s Potential Fed Chair Nominee Stirs Market Concerns appeared on BitcoinEthereumNews.com. Key Points: Trump’s potential Fed chair nominee raises market concerns, impacting crypto assets. Survey shows 76% expect a more dovish Fed under Trump’s pick. Economic implications as Fed’s dual mandate faces potential challenges. President Trump is expected to nominate Kevin Hassett as the next Federal Reserve Chair, amid mixed market sentiments regarding his ability to maintain policy independence. Hassett’s potential nomination raises concerns about the Fed’s independence and its approach to interest rates, impacting macroeconomic conditions and cryptocurrency markets. 84% Surveyed Anticipate Hassett’s Nomination, Markets React Market discussions are intensifying as Donald Trump considers Kevin Hassett for Fed Chairman. A recent CNBC survey revealed that 84% of respondents expect Hassett’s nomination, but only 11% view him as the appropriate choice. This debate arises amid concerns about the Fed’s independence. Concerns are mounting regarding Hassett’s ability to uphold the Fed’s dual mandate of stable prices and maximum employment. Additionally, 51% believe the nominee may align more closely with presidential desires for rate cuts than endorse independent monetary policy. As Kevin Warsh, Former Fed Governor, stated, “The Fed must be cautious about straying too far into politics to maintain credibility.” The market reaction has been cautious, with both crypto and traditional financial sectors attentive to these changes. The future direction of the Fed could significantly affect interest rates, impacting borrowing costs and investment environments. Bitcoin Valued at $92,419.88 Amid Fed Concerns Did you know? In 2017, doubts surrounding Fed leadership transitions significantly affected crypto pricing, as seen when markets reacted rapidly to interest rate outlook changes. According to CoinMarketCap, Bitcoin (BTC) is valued at $92,419.88, exhibiting a market dominance of 58.51%. The 24-hour trading volume reached $66.94 billion, marking a 21.14% increase. Price movements over the past 90 days reflect a 19.03% drop. The circulating supply stands at 19,959,965 out of a… The post Trump’s Potential Fed Chair Nominee Stirs Market Concerns appeared on BitcoinEthereumNews.com. Key Points: Trump’s potential Fed chair nominee raises market concerns, impacting crypto assets. Survey shows 76% expect a more dovish Fed under Trump’s pick. Economic implications as Fed’s dual mandate faces potential challenges. President Trump is expected to nominate Kevin Hassett as the next Federal Reserve Chair, amid mixed market sentiments regarding his ability to maintain policy independence. Hassett’s potential nomination raises concerns about the Fed’s independence and its approach to interest rates, impacting macroeconomic conditions and cryptocurrency markets. 84% Surveyed Anticipate Hassett’s Nomination, Markets React Market discussions are intensifying as Donald Trump considers Kevin Hassett for Fed Chairman. A recent CNBC survey revealed that 84% of respondents expect Hassett’s nomination, but only 11% view him as the appropriate choice. This debate arises amid concerns about the Fed’s independence. Concerns are mounting regarding Hassett’s ability to uphold the Fed’s dual mandate of stable prices and maximum employment. Additionally, 51% believe the nominee may align more closely with presidential desires for rate cuts than endorse independent monetary policy. As Kevin Warsh, Former Fed Governor, stated, “The Fed must be cautious about straying too far into politics to maintain credibility.” The market reaction has been cautious, with both crypto and traditional financial sectors attentive to these changes. The future direction of the Fed could significantly affect interest rates, impacting borrowing costs and investment environments. Bitcoin Valued at $92,419.88 Amid Fed Concerns Did you know? In 2017, doubts surrounding Fed leadership transitions significantly affected crypto pricing, as seen when markets reacted rapidly to interest rate outlook changes. According to CoinMarketCap, Bitcoin (BTC) is valued at $92,419.88, exhibiting a market dominance of 58.51%. The 24-hour trading volume reached $66.94 billion, marking a 21.14% increase. Price movements over the past 90 days reflect a 19.03% drop. The circulating supply stands at 19,959,965 out of a…

                                                                               Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products.                     Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases.The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.”It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which. Read more