Trump said that he expects to soon gain a majority at the Fed, argued that interest rates should be lowered due to housing costs, and added that Powell will be leaving his position shortly.
The Fed, however, stated that its members can only be removed for valid reasons and emphasized that it will abide by court rulings.
At the time of writing, Bitcoin (BTC) is trading at $111,041, while Ethereum (ETH) is priced at $4,577.
The Fear and Greed Index is at a neutral level of 47.
Key developments to watch today:
Mantle (MNT): Mainnet V1.3.1 upgrade will go live.
Metaplex (MPLX): Genesis Launch Pool debut event will take place.
