Bitcoin has rocked both the traditional and crypto markets, falling to $105,000 amid Trump’s clash with pastor Powell over interest rates.
Despite short-term volatility, the BTC Bulls will see a strong Q3 when macro tensions are eased and policies become clearer. Ask chatgpt
Bitcoin prices today are trading at $107,000, extending last week’s turbulence to July 2025. Dip is growing political tensions between US President Donald Trump and Federal Reserve Chairman Jerome Powell, raising concerns across traditional and digital markets.
Bitcoin Price Movement: July starts in red
After a strong rebound in the last week of June, Bitcoin stumbled on the last day of the month, dropping 1.13%. The decline deepened on July 1, with BTC down another 1.35%, reaching a low of $105,252.18. This brings Bitcoin to at least 2.28% below its June peak despite the overall general meeting (+2.40%).
Here is a breakdown of Bitcoin’s recent volatility:
- June 1st-2nd: A slight increase of 1.19%
- June 3rd to 5th: 4.11% Sharp Drop
- June 6th-10th: Strong rebound of 8.66%
- June 11th-22nd: Consistent decline of 8.42%
- June 23rd-29th: 7.29% impressive recovery
- June 30th: 1.13% decline
- July 1st: 1.35% reduction
Trump vs. Powell: The battle for interest rates
At the heart of this week’s market is the growth of the power struggle between President Trump and Chairman Powell. Trump is pressured Powell to quickly cut interest rates – he blames him for the high borrowing costs and reportedly sends a handwritten note asking him to resign.
But speaking at the European Central Bank Forum, Powell revealed, “The Fed will not succumb to political pressure.” He reaffirmed that any rate reduction would be >
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The crypto market responds to macro tension
As traditional markets respond to interest rate expectations, Bitcoin is increasingly behaving like a macro asset. Analysts believe the latest decline in the crypto market is linked to Trump Powell’s tensions.
“We’re seeing Bitcoin move alongside macroeconomic changes,” said Unity Wallet COO James Tredano. “But the long-term outlook for BTC remains strong.”
Bitcoin outlook: Is Q3 still bullish?
The first quarter of 2025 was disappointed with Bitcoin with a return of -11.7%, but the second quarter turned the script over with a massive surge of 29.9%. As of now, Q3 starts with a modest 0.49% profit, with Bitcoin currently trading nearly $107,670. If interest rate clarity arrived quickly, the market could stabilize or even push high.