{"id":36541,"date":"2025-07-12T14:16:36","date_gmt":"2025-07-12T14:16:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36541"},"modified":"2025-07-12T14:16:36","modified_gmt":"2025-07-12T14:16:36","slug":"crypto-market-reacts-as-powell-resignation-rumors-spread-fannie-mae-chair-says-economy-will-boom","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36541","title":{"rendered":"Crypto Market Reacts As Powell Resignation Rumors Spread: Fannie Mae Chair Says \u2018Economy Will Boom\u2019"},"content":{"rendered":"
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The crypto market is gaining steam following a powerful rally led by Bitcoin and Ethereum. Bitcoin broke decisively above its previous all-time high of $112,000, reaching uncharted territory near $118K. Meanwhile, Ethereum pushed above key resistance at $2,850, reigniting momentum across major altcoins. The breakout has fueled growing optimism among investors, with many analysts now anticipating the beginning of a broader bull run in the weeks ahead.<\/p>\n

Amid the excitement, political developments in the US have added a fresh layer of speculation. Rumors are swirling that Jerome Powell, Chairman of the Federal Reserve, is considering stepping down. The news comes just as US President Donald Trump continues to pressure the Fed for interest rate cuts\u2014an economic strategy Powell has yet to pursue. As markets digest the possibility of new leadership at the central bank, the potential shift in monetary policy could significantly impact risk assets, including cryptocurrencies.<\/p>\n

With bullish price action aligning with a pivotal macro backdrop, confidence is building that crypto may be entering a new phase of growth<\/a>. Investors now watch closely to see whether the rally can hold and if leadership changes at the Fed will further accelerate capital inflows into digital assets.<\/p>\n

Crypto Market Watches Closely As Fed Chair Resignation Rumors Intensify<\/h2>\n

The crypto market is entering uncertain but potentially explosive territory as speculation swirls around a possible leadership change at the US Federal Reserve. William J. Pulte, US Director of Federal Housing, amplified the conversation by sharing a striking statement<\/a> from the Chairman of the Board of Fannie Mae. \u201cI\u2019m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom,\u201d the statement read, echoing growing calls for a more market-friendly central bank.<\/p>\n

\"US<\/p>\n

Citing himself, Pulte added fuel to the fire just as rumors surrounding Powell\u2019s future intensified. No Federal Reserve Chair in recent history has commanded as much sustained media attention as Jerome Powell. While the headlines ripple through financial circles, the bond market has responded cautiously\u2014yields spiked to fresh daily highs, signaling that investors aren\u2019t fully pricing in the possibility of a resignation just yet.<\/p>\n

Still, the stakes are enormous. Should Powell step down, his likely successor could be aligned with President Donald Trump, who has repeatedly called for a dramatic 300+ basis point rate cut. Such a move would mark one of the most aggressive monetary pivots in modern history, and its impact on risk assets\u2014especially crypto\u2014could be monumental.<\/p>\n

A dovish Fed led by a Trump-aligned chair would create ideal conditions for capital rotation into digital assets, potentially triggering a sustained crypto bull run. Markets now wait, bracing for confirmation\u2014or denial\u2014of what could be a historic turning point for both traditional finance and digital assets.<\/p>\n

Total Crypto Market Cap Approaches Breakout Zone<\/h2>\n

The total crypto market cap has surged to $3.63 trillion, posting a 9.10% gain on the weekly candle and pushing closer to its all-time high near $3.75 trillion. The chart shows a strong continuation of the uptrend that began in early 2023, marked by higher lows and expanding volume. The market cap has bounced off the 50-week moving average multiple times, a sign of sustained bullish momentum.<\/p>\n

\"Crypto<\/p>\n

After months of consolidation, this recent breakout attempt is significant. The market is now retesting the highs set earlier this year, and a clean break above $3.75 trillion could open the door to uncharted territory. If confirmed, this would mark the highest total valuation in crypto history.<\/p>\n

Volume has risen alongside the move, suggesting growing confidence and broad participation. Bitcoin\u2019s new all-time high above $112K and Ethereum\u2019s breakout above $2,850 have been the key catalysts, pulling altcoins higher in tandem. A confirmed breakout in total market cap would validate the broader bull market narrative and could trigger institutional inflows and renewed retail interest.<\/p>\n

Featured image from Dall-E, chart from TradingView<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The crypto market is gaining steam following a powerful rally led by Bitcoin and Ethereum. Bitcoin broke decisively above its previous all-time high of $112,000, reaching uncharted territory near $118K. Meanwhile, Ethereum pushed above key resistance at $2,850, reigniting momentum across major altcoins. The breakout has fueled growing optimism among investors, with many analysts now […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36541","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36541"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36541\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}