The Federal Reserve’s interest rate policy impacts liquidity in the markets, including the crypto market. When rates are trimmed, more liquidity enters the crypto market, but if rates are raised or unchanged, liquidity flows out. Chairman Jerome Powell has refused to lower rates despite pressure from President Trump, who may replace him by the end of the year. Analysts predict that Powell’s exit will supercharge the markets. Bitcoin’s price has experienced significant fluctuations, dropping to a six-month low of $94,525.06. BTC has entered a bear market regime, with potential further breakdowns.

Read more at Yahoo Finance: Top analyst reveals Powell’s exit could supercharge a surprise asset