"Trump will take over the Fed" - Bitcoin and cryptocurrencies are ready to face a "severe" price shock

Donald Trump’s criticism of Fed Chairman Jerome Powell has sparked turmoil in Bitcoin, cryptocurrencies and stock markets, with a close ally predicting Trump will “take over the Fed.” Bitcoin has recently hit a record high, pushing the cryptocurrency market to exceed $4 trillion. Potential Trump intervention threatens the Fed's independence, while expectations of interest rate cuts have exacerbated optimism in the market.