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- 🚨 Today in Web3: Must-Know Crypto News in 2 Minutes
🚨 Today in Web3: Must-Know Crypto News in 2 Minutes
News

Amidst controversies surrounding President Donald Trump’s threat to fire Fed Chair Jerome Powell, crypto entrepreneur Anthony Pompliano has cautioned against the move. Pompliano warned that the move could set a dangerous precedent, especially in light of the underlying motives. Despite having his own criticisms of the Federal Reserve, Pompliano disagreed with Trump’s approach. He argued that retaliatory actions wouldn’t be a suitable response to the Fed’s perceived shortcomings. “The idea of firing the Fed chairman is a very bad precedent to set this way,” stated the entrepreneur.

The crypto market, led by the Bitcoin price, continues to trade sideways, with macroeconomic fundamentals causing much uncertainty at the moment. However, a rebound could be on the horizon with US President Donald Trump signaling a potential end to the US-China trade war.
Markets

Solana price is up by nearly 4% today, April 19, and traders are now eyeing the next bullish leg to $200. However, for SOL to hit this psychological level, it first needs to flip resistance at $150, and the recent liquidations of $1M sell orders suggest that the altcoin may be ready for this rally.

XRP price is defending the support level at $2, but it has also failed to make meaningful gains in recent weeks as traders remain cautious because of macroeconomic concerns. One analyst now believes that if Ripple fails to make any gains, it will face a massive selloff from whales and top holders, which makes it similar to meme coins. Amid this criticism, traders are now looking for the top XRP rivals to buy to make significant gains.