XRP and BTC Prices Spike Amid Rumors of Powell's Resignation
Main Idea
Cryptocurrency prices, including Bitcoin and XRP, surged due to rumors of Federal Reserve Chair Jerome Powell's resignation, though the rumors were later debunked.
Key Points
1. Bitcoin (BTC), XRP, and other major tokens saw price increases following rumors of Powell's resignation spreading on social media.
2. The rumors were later confirmed to be false, but the market reaction still pushed Bitcoin toward the $120,000 level.
3. Some analysts argue that removing Powell prematurely could undermine the Federal Reserve's independence.
Description
Is Federal Reserve Chair Jerome Powell actually on track to resign?
$XRP
$3.4672
-0.06%
$BTC
$118365.9
+0.06%
Latest News
- CZ Reacts to BNB Hitting New Record High2025-07-23 07:46:24
- ‘Bizarre’: ETF with XRP Exposure Hits Major SEC Roadblock2025-07-23 06:14:46
- XRP Price to $6 Now Possible, Rich Dad Poor Dad' Author Warns of Bitcoin Crash, $206 Million In Solana Leaves Coinbase: Crypto News Digest2025-07-23 03:43:47
- sh2025-07-23 00:12:55
- CME: XRP Futures Secure New Record2025-07-22 20:12:49