Dollar plunges as Fed independence threatened
there are rumors that Trump is trying to dismiss Federal Reserve Chairman Jerome Powell, causing traders to sell the dollar against major currencies. Due to concerns about the independence of the Federal Reserve being threatened, traders are selling the dollar, pushing up the prices of Bitcoin and gold. With the US dollar index falling to a three-year low, Bitcoin surged more than 2%, reaching $87,200, the highest level since April 2. In addition, major altcoins such as XRP, ETH, and ADA also rose by more than 1%, but the increase was lower than that of Bitcoin.
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