Bitcoin, XRP, Ether Recoup Overnight Losses as Analysts Point to Growing Threat to Fed Independence

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Major cryptocurrencies have reversed overnight losses, with analysts asserting that Wednesday's Fed decision underscored President Trump's growing influence over the central bank, strengthening the long-term bullish case for crypto. The Fed kept the benchmark interest rate steady at 4.25% as expected, and Chairman Jerome Powell dampened prospects of renewed rate cuts from September, stressing that the central bank is focused on controlling inflation—not on government borrowing or home mortgage c...