Weekly Market Analysis: Crypto Reacts to Fed Drama

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Even threats—and the political underlying of them—can shake markets. Here's how Bitcoin and broader markets are moving:

• Financial markets are closely watching the Fed’s independence. Inflation remains sticky (July’s CPI at 3.1% for core), making any political pressure on rate decisions unsettling.Reuters

• The U.S. dollar dipped, and market odds for a Fed rate cut in September surged. Key signals: subdued inflation data boosted rate-cut expectations. Bitcoin dipped slightly, while Ethereum jumped to its most-traded position on OKX.Reuters

What This Means for Crypto Investors

Political noise reminds us why crypto, with its independent monetary system, continues to appeal.

TL;DR:

Trump is floating the threat of a lawsuit against Fed Chair Jerome Powell over rate decisions and construction overruns—but no lawsuit has been filed yet. This political drama is stoking market uncertainty, weakening the dollar, and even nudging crypto markets, with Ethereum especially strong.