According to The Kobeissi Letter, President Trump sharply criticized Jerome Powell as a 'fool' after the Federal Reserve decided to keep interest rates unchanged, emphasizing that there is 'virtually no inflation' and highlighting 'tariff money pouring into the US' (source: The Kobeissi Letter, May 8, 2025). For cryptocurrency traders, this public clash over interest rates signals potential volatility in the US dollar, which could drive increased crypto market volume as investors seek alternative assets to hedge against policy uncertainty. Monitoring USD strength and Bitcoin price correlations is recommended in the near term.

According to Stock Talk (@stocktalkweekly), Treasury Secretary Bessent stated that the United States government will never default and pledged that the debt ceiling will be raised. This assurance of continued US debt stability reduces immediate macroeconomic uncertainty, potentially supporting bullish sentiment in both traditional and crypto markets. Stable US fiscal policy is often seen as positive for risk assets like Bitcoin and Ethereum, as it mitigates fears of liquidity shocks or sudden shifts in fiscal stance. Traders should monitor USD volatility and Treasury yields as these factors directly impact crypto price action. (Source: Stock Talk, May 6, 2025)