The post Bitcoin News: Powell’s Resignation Affects Sentiment, Pantera Capital CEO Praises BTC appeared on BitcoinEthereumNews.com.

Bitcoin news showed price action pushing to a new ATH above $112,000 on some exchanges such as Coinbase and OKX, among others. This newfound momentum was fueled by renewed sentiments about crypto prospects that could possibly influence long-term outlook. Federal Reserve Chairman Jerome Powell is reportedly resigning. This was among the factors that likely fortified the bullish resolve for Bitcoin. Source: X Interestingly, President Trump recently pushed for Powell’s resignation over his failure to lower rates. Bitcoin price spiked following news of Powell’s resignation, indicating that the market saw this as a favorable outcome. Risk-on asset investors have been losing patience with Powell due to his refusal to lower interest rates. Especially when some other big economies, including the UK lowered rates substantially. Powell’s exit raised prospects that his successor will adopt a more dovish approach to interest rates. Lower rates historically favored a bullish outlook in risk-on assets including cryptocurrencies. This may explain the positive reaction to news of Powell’s exit. Meanwhile, President Trump reportedly expects the Federal Reserve to slash rates by as much as 3 basis points. Source: X Can Bitcoin Bypass Looming Tariff War Concerns? Bitcoin just pushed to a new historic high despite looming concerns of another tariff war escalation. But could things turn out differently this time? Some industry participants believe that could turn out to be the case. Among them was Dan Morehead, the CEO of Pantera Capital. He noted that Bitcoin remained one of the best store of wealth assets especially considering the surging fiscal deficits and tariffs threats. Source: X His statement was a nod to the recent surging concerns regarding the rising government debt. The Pantera CEO also acknowledged BTC’s impressive revenue and believes it could continue to deliver robust returns in the future compared to traditional investments. Morehead’s sentiments…

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Filed under: News - @ July 11, 2025 12:25 pm