Jerome Powell has been good for bitcoin, and Trump says he won’t fire him
Jerome Powell will remain chairman of the world’s most powerful central bank — and that’s good news for crypto. On the news yesterday, bitcoin (BTC) rallied $2,400 in just 15 minutes to hit $93,900. As of publication time, total crypto market capitalization is over $60 billion higher than when President Donald Trump declared he had “no intention of firing him.” Markets immediately pumping in afterhours after Trump says he "has no plans to fire Powell" and just wants Powell "more active" on rates. pic.twitter.com/lAzo4Tj7pl — Meet Kevin (@realMeetKevin) April 22, 2025 Read more: Donald Trump’s tariff chaos leads to corruption accusations According to Trump’s senior advisors, the president would have had extreme difficulty firing Powell without sufficient cause anyway. As such, efforts to oust him have ended, with Powell remaining the lead US central banker, and Trump now insisting that he never had any intention of firing...