Market Reactions and Geopolitics Shape Financial Briefing

U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, contributing to Bitcoin’s decline on Wednesday amidst heightened tensions in the Middle East.

Bitcoin fell approximately 0.8% over the past day, while altcoins like Solana (-3.2%) and XRP (-3.1%) saw sharper drops.
Trump labeled Powell “stupid” during remarks where he argued against imminent interest rate cuts.
Iran’s Supreme Leader Ayatollah Ali Khamenei warned the U.S. would face “irreparable damage” if it joins Israel militarily.

Federal Reserve policy remains expected to stay unchanged later Wednesday, with near-consensus support for maintaining current rates. Despite Trump’s calls for cuts, the central bank is described as cautious regarding inflation stemming from his trade policies.

Bitcoin trading hovered around $104,800 according to CoinGecko data, as investors monitor the Fed’s potential language shift post-decision, which some analysts suggest could offer subtle policy signals. Concurrently, Khamenei’s warning follows Trump’s direct threats towards the Iranian leadership, escalating the regional conflict narrative.