cryptofamily

U.S. President Donald Trump, meanwhile, is lobbying for the Fed to move to a rate cut. If the politician manages to sell the chairman of the Federal Reserve, Jerome Powell, crypto will get an additional incentive to grow. A rate cut increases the investment appeal of high-risk assets such as cryptocurrency. Therefore, for participants in the crypto community, Trump's victory on the issue of the key rate may be a positive signal. The Fed's refusal to support the president's plans - on the contrary - may put pressure on crypto.