Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up

Key Points

1. Bitcoin fell to $113,164, its lowest in weeks, following Trump's provocative statements on Russia and attacks on U.S. economic data and Federal Reserve policies.

2. Trump accused the Federal Reserve's Jerome Powell of politically motivated rate cuts and demanded immediate rate reductions, adding to market instability.

3. Federal Reserve Governor Adriana Kugler announced her resignation, creating an opportunity for Trump to appoint a replacement, further unsettling markets.

4. Despite the decline, Bitcoin remains 7% below its all-time high, with derivatives markets showing signs of narrowing futures premiums.

5. Investors are reassessing Bitcoin's long-term role as a store of value amid broader market volatility and political uncertainty.