Under the administration of Donald Trump, the relationship between the Federal Reserve (Fed) and cryptocurrencies has entered a phase of high volatility and structural changes.
1. FedWatch and Interest Rates
Current Expectations (January 2026): The market anticipates that the Fed will keep interest rates unchanged at its January 2026 meeting. However, at least two additional cuts are expected for the second quarter of the year.
Trump's Pressure: The president has openly criticized the Fed for not lowering rates more aggressively. There is strong speculation about the appointment of Kevin Hassett as Jerome Powell's successor in May 2026, which the market interprets as a shift towards a more expansive and pro-liquidity policy.
Impact on Crypto: Historically, low rates favor risk assets like Bitcoin. However, tensions from tariffs imposed by Trump have led to recent massive liquidations, countering the optimism regarding rates.
2. The "Strategic Bitcoin Reserve"
Executive Order: In March 2025, Trump signed an order to establish the U.S. Strategic Bitcoin Reserve, using assets confiscated by the Treasury.
Chosen Cryptocurrencies: In addition to Bitcoin, Trump has mentioned the inclusion of Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in this national reserve.
Fed's Resistance: Federal Reserve officials have expressed their opposition to implementing this reserve, defending the independence of monetary policy against digital assets.
3. Other Relevant Movements
Crypto Banks: The Trump administration has begun to approve the first round of financial institutions focused exclusively on crypto assets.
Projections for 2026: Analysts at Yahoo Finance suggest that Bitcoin could stabilize between $80,000 and $140,000 during this year, depending on the liquidity injected by the new direction of the Fed.
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