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Benzinga
123 days

Bitcoin, Ethereum, Dogecoin Flat As Trump Attacks Powell Over Rate Cuts: Investor Appetite Softening For BTC? On Chain Analytics Firm Gives Its Take On Risk-Off Sentiment

1. Trump threatened to remove Fed Chair Powell, impacting monetary policy. 2. The S&P 500 rose slightly despite mixed stock market performance. 3. Bitcoin's open interest grew, indicating potential volatility in crypto markets. 4. Investor appetite in cryptocurrencies appears to be softening, signaling risk-off sentiment. 5. Dow and Nasdaq fell significantly, contrasting with S&P 500's slight gain.

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FAQ

Why Bullish?

S&P 500's modest rise hints at resilience despite wider market declines.

How important is it?

The article's focus on Fed policy directly affects market expectations, influencing investor sentiment.

Why Short Term?

Immediate reactions may arise from Trump's threats and potential Fed policy changes.

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