macroeconomics

Trump adviser calls for Powell exit, could Bitcoin benefit?

0Importance
closedStatus
1News media
1Pieces
Published

Key claims & sources

Summary in preparation.

Market reaction i

BitcoinBTC the event is about this asset
first headline
+0.4% 2 h before
+0.2% 4 h after
$85,829price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 5 06:44

Has this happened before?

WhenWhat happenedFigure
39 days ago US PCE Inflation Is a Big Test for Stocks, Crypto, and Trump event 2 actors in common · 3 news media
37 days ago US economy adds just 29,000 jobs in September as hiring slows sharply event 1 actors in common · 3 news media
37 days ago U.S. added just 29,000 jobs in September. with unemployment rate rising to 4.2% event 1 actors in common · 4 news media
38 days ago Top Fed official signals central bank will keep rates on hold in October event 1 actors in common · 3 news media
38 days ago Trump Says Inflation Can Shrink America’s $40 Trillion Debt. How? event 1 actors in common · 2 news media

What could happen next i

Fed Decision in December? Polymarket · settles Dec 9 · $72.1k bet in 24 h
76% 25 bps increase
  • 25 bps increase 76%
  • No change 22%
  • 25 bps decrease <1%
  • 50+ bps decrease <1%
  • 1 more1%
25 bps increase, last 16 days
How many Fed rate cuts in 2026? Polymarket · settles Jan 1 · $37.6k bet in 24 h
98% 0 (0 bps)
  • 0 (0 bps) 98%
  • 1 (25 bps) ▼1 <1%
  • 2 (50 bps) <1%
  • 4 (100 bps) <1%
0 (0 bps), last 16 days
Fed Decision in January? Polymarket · settles Jan 28 · $26.7k bet in 24 h
78% No change ▲ 4 pts in 24 h
  • No change ▲4 78%
  • 25 bps increase 18%
  • 25 bps decrease 4%
  • 50+ bps decrease ▼1 <1%
  • 1 more1%
No change, last 16 days