After selecting pro-Bitcoin JD Vance as Vice President, US Donald Trump think about bringing JPMorgan Chase CEO for the US Treasury Secretary position. Trump additionally revealed that he won’t oust present U.S. Federal Reserve Chair Jerome Powell earlier than his time period ends. Bitcoin maxis and crypto market ‘shake head’ as he plans to deliver anti-Bitcoin Jamie Dimon.
Crypto Community Reacts To Trump’s Tapping Jamie Dimon
Republican presidential candidate nominee Donald Trump in a latest Bloomberg interview talked on subjects reminiscent of Jerome Powell, US economic system, taxes, tariffs, and extra. The former president stated he won’t strive ousting Fed Chair Jerome Powell earlier than his time period ends in 2026.
Trump is contemplating JPMorgan CEO Jamie Dimon for Treasury Secretary changing Janet Yellen, if he wins in November. He had till just lately been important of Dimon and even referred to as Dimon a “Highly overrated Globalist” final 12 months.
The crypto group expressed disappointment as Trump thought of anti-Bitcoin Jamie Dimon for the highest job on the Treasury Department. While Yellen has been cautious over crypto and Bitcoin, Dimon believes Bitcoin is a “fraud” and “Ponzi scheme.”
Bitcoin maxi together with Fred Kruger hopes for a change and believes Donald Trump is being diplomatic right here. The crypto market seeks a crypto-friendly nominee and the election turns extra crypto-focused. The business additionally eyes clear rulemaking on crypto for regulatory readability.
Jamie Dimon isn’t what we would like
— Fred Krueger (@dotkrueger) July 17, 2024
Also Read: Bitcoin ETF Inflow: BlackRock’s IBIT Crosses Record $18.5 Billion AUM
Crypto Rebounds Defying Market Risks
The international crypto market witnessed renewed shopping for sentiment amid rising spot Bitcoin ETF influx, extra shopping for from institutional and retail buyers, and robust technical and on-chain charts.
BTC futures and choices merchants are shopping for closely, particularly within the United States. Coinbase premium gap is as soon as once more rising as markets count on Fed charge cuts in September. CME futures open curiosity jumps over $10 billion. According to Matrixport, the upside momentum will proceed for longer.
BTC price hits $66,000, up over 1% prior to now 24 hours. The worth is at present buying and selling at $65,703. The 24-hour high and low are $62,487 and $66,101, respectively. Furthermore, the buying and selling quantity has elevated additional by 13% within the final 24 hours, indicating an enormous curiosity amongst merchants.
Also Read: Ethereum ICO Wallets Deposit 3,631 ETH to Kraken Just Before Ether ETF Approval
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