{"id":6619,"date":"2025-07-17T13:30:59","date_gmt":"2025-07-17T13:30:59","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=6619"},"modified":"2025-07-17T13:31:00","modified_gmt":"2025-07-17T13:31:00","slug":"bitcoin-rises-trump-powell-fed-july-2025","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/bitcoin-rises-trump-powell-fed-july-2025\/","title":{"rendered":"Bitcoin Climbs as Trump Softens Tone on Firing Fed Chair Powell"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\"><br><strong>\ud83d\udccc Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trump denies immediate plan to fire Fed Chair Powell<\/strong>, but leaves the door open<\/li>\n\n\n\n<li><strong>Bitcoin (BTC) jumps to $119K<\/strong>, up 7.74% over the week<\/li>\n\n\n\n<li>BTC dominance dips slightly to 63.42%<\/li>\n\n\n\n<li><strong>BTC futures open interest rises to $87.63B<\/strong>, liquidations hit $54.91M<\/li>\n\n\n\n<li>Market volatility driven by mixed Fed signals and interest rate tension<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-video\">\n  <a href=\"https:\/\/otetmarkets.com\/prblog\" target=\"_blank\">\n    <video height=\"500\" style=\"aspect-ratio: 1312 \/ 500;\" width=\"1312\" autoplay loop muted playsinline>\n      <source src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/04\/Otet-Banner-en-2.mp4\" type=\"video\/mp4\">\n      Your browser does not support the video tag.\n    <\/video>\n  <\/a>\n<\/figure>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-trump-denies-powell-firing-markets-react\"><br><strong>Trump Denies Powell Firing: Markets React<\/strong><\/h2>\n\n\n\n<p>On Wednesday, <strong>President Donald Trump<\/strong> publicly stated that his administration is <strong>\u201cnot planning\u201d to fire Federal Reserve Chairman Jerome Powell<\/strong>, despite persistent rumors to the contrary.<\/p>\n\n\n\n<p>Speaking to reporters, Trump softened his previous harsh stance but added, <em>\u201cI won\u2019t rule anything out.\u201d<\/em> The remark follows earlier reporting from CNBC that a <strong>White House official claimed Trump was ready to remove Powell<\/strong>, accusing him of <strong>being too hawkish on interest rates<\/strong>.<\/p>\n\n\n\n<p>Trump has repeatedly criticized Powell for keeping interest rates <strong>between 4.25% and 4.50%<\/strong>, claiming it costs the U.S. <strong>\u201cone trillion dollars a year\u201d<\/strong> in debt payments and hurts economic growth.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Read More: <a href=\"https:\/\/otetmarkets.com\/blog\/news\/bitcoin-outperform-gold-jpmorgan-forecast-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">JPMorgan: Bitcoin to Outperform Gold in H2 2025<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bitcoin-reacts-to-powell-headlines\"><br><strong>\ud83d\udcc8 Bitcoin Reacts to Powell Headlines<\/strong><\/h3>\n\n\n\n<p>Shortly after Trump\u2019s remarks, <strong>Bitcoin (BTC) surged to $119,000<\/strong>, a 1.95% rise over 24 hours. The digital currency has now gained <strong>7.74% over the past week<\/strong>, as traders respond to potential monetary policy shifts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-market-metrics\"><br><strong>\ud83d\udcca Bitcoin Market Metrics<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Metric<\/th><th>Value<\/th><th>24H Change<\/th><\/tr><\/thead><tbody><tr><td>Price<\/td><td>$118,946.51<\/td><td>+1.95%<\/td><\/tr><tr><td>Weekly Price Range<\/td><td>$116,241 \u2013 $119,929<\/td><td>\u2014<\/td><\/tr><tr><td>Market Cap<\/td><td>$2.38 trillion<\/td><td>+2.23%<\/td><\/tr><tr><td>BTC Dominance<\/td><td>63.42%<\/td><td>-0.63%<\/td><\/tr><tr><td>24H Trading Volume<\/td><td>$71.07 billion<\/td><td>-22.42%<\/td><\/tr><tr><td>Futures Open Interest<\/td><td>$87.63 billion<\/td><td>+2.27%<\/td><\/tr><tr><td>Total Liquidations<\/td><td>$54.91 million<\/td><td>\u2014<\/td><\/tr><tr><td>Short Position Liquidation<\/td><td>$42.05 million<\/td><td>\u2014<\/td><\/tr><tr><td>Long Position Liquidation<\/td><td>$12.86 million<\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-btc-liquidations-signal-bullish-tilt\"><br><strong>\ud83d\udcc9 BTC Liquidations Signal Bullish Tilt<\/strong><\/h3>\n\n\n\n<p>The <strong>majority of liquidations were on short positions<\/strong>, totaling <strong>$42.05 million<\/strong>, compared to <strong>$12.86 million in longs<\/strong>. This indicates that many traders bet against BTC\u2019s rally but were caught off guard by Trump\u2019s softened rhetoric.<\/p>\n\n\n\n<p>Increased <strong>futures open interest<\/strong> shows rising market participation, while the slight <strong>drop in BTC dominance<\/strong> suggests traders are also exploring altcoins.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-s-next-for-bitcoin\"><br><strong>\ud83d\udcac What\u2019s Next for Bitcoin?<\/strong><\/h2>\n\n\n\n<p>Bitcoin\u2019s reaction highlights how <strong>macro policy rumors<\/strong>, especially related to <strong>Federal Reserve leadership and interest rates<\/strong>, can significantly sway crypto markets.<\/p>\n\n\n\n<p>With <strong>Trump\u2019s \u201cI won\u2019t rule anything out\u201d<\/strong> statement still hanging in the air, investors should brace for further volatility, particularly as <strong>rate cut expectations and Fed independence debates intensify<\/strong> ahead of the 2025 election.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-final-thoughts\"><br><strong>\ud83d\udd1a Final Thoughts<\/strong><\/h3>\n\n\n\n<p>Trump may have temporarily calmed markets by <strong>walking back Powell firing rumors<\/strong>, but his <strong>continued criticism of the Fed and rate policy<\/strong> keeps uncertainty high.<\/p>\n\n\n\n<p>Bitcoin\u2019s strength amid the noise reinforces its role as a <strong>macro-sensitive, alternative asset<\/strong>, especially when institutional uncertainty rises.<\/p>\n\n\n\n<p><strong>\ud83d\udce2 <em>Do you think Trump will follow through on firing Powell later? Drop your thoughts in the comments below!<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-edges-up-after-trump-says-he-wont-fire-powell\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udccc Key Takeaways Trump Denies Powell Firing: Markets React On Wednesday, President Donald Trump publicly stated that his administration is \u201cnot planning\u201d to fire Federal Reserve Chairman Jerome Powell, despite persistent rumors to the contrary. Speaking to reporters, Trump softened his previous harsh stance but added, \u201cI won\u2019t rule anything out.\u201d The remark follows earlier [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,2],"tags":[29],"class_list":["post-6619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/6619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=6619"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/6619\/revisions"}],"predecessor-version":[{"id":6622,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/6619\/revisions\/6622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/6620"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=6619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=6619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=6619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}