# TrumpRemovesFedGovernorCook

Bitcoin is trading near $110,428 (-1.86%) while Ethereum holds around $4,547 (-0.74%), with the total crypto market cap hovering close to $3.9 trillion as cautious sentiment and recent volatility keep pressure on prices.
#Gate Square Qixi Celebration #Trump Removes Fed Governor Cook #Crypto Market Pullback

#Trump Removes Fed Governor Cook
U.S. President Donald Trump has sparked a major debate in the financial world with his attempt to remove Federal Reserve (Fed) Board Governor Lisa Cook. Trump stated that he dismissed Cook over alleged false statements in mortgage applications in 2021. However, Cook argues that these allegations are invalid and that the President does not have such authority, and she has filed a lawsuit against Trump.
This event marks a first in the 112-year history of the Fed, as no previous president has ever removed a Fed member. Cook's lawyer, Abbe Lowell, described Trump'

🔹 Bitcoin (BTC)
Current Price (Aug 27): ~$111,269
Key Resistance: $118,000 → $124,000
Support Zone: $110,000 (major)
Trend: Pullback after $124,457 high, trading below the 50-SMA.
Strategy:
✅ Buy Zone: $110,500 – $111,500 (near support) with tight stop-loss below $109,500.
❌ Sell Zone: $117,500 – $118,500 (short-term resistance) if BTC fails to reclaim $118,000.
⚠️ Break below $110,000 → further downside to $107,000.
⚡ Break above $118,000 → retest $123,000–$124,000 possible.
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🔹 Ethereum (ETH)
Current Price (Aug 27): ~$4,549
Key Resistance: $4,800 → $4,950
Support Zone: $4,400
Trend: ETH

BTC/USDT → $111,314 (+1.36%)
Holding above $111K, but still below recent high $124,497.
Key support near $109K–110K, resistance around $118K–124K.
Consolidation phase – accumulation zone for long-term holders.
📌 XRP/USDT → $2.999 (+3.88%)
Pushed back after touching $3.66, now consolidating.
Strong psychological resistance at $3.00–3.50.
Support sits near $2.80–2.90 – watch for breakout momentum.
📌 SOL/USDT → $198.47 (+5.31%)
Strong rebound from $155, currently approaching $200.
Resistance at $213–230, breakout could open path to $295–300.
Support to watch: $176–180 (short-term), $148 (major)

#Trump Removes Fed Governor Cook
US President Donald Trump announced that he has dismissed Federal Reserve (Fed) Governor Lisa Cook. The allegations, submitted to the Justice Department by Bill Pulte, a Federal Housing Finance Agency official and a Trump ally, are being described as “intentional misrepresentations.” They are based on allegations that Cook fraudulently filed mortgage applications in 2021. In a letter published on the Truth Social platform, Trump alleged that Cook tried to obtain more advantageous loan terms by declaring two different properties in Michigan and Georgia as her

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