Рынок криптовалют растет на фоне конфликта Трампа и Пауэлла: биткоин и приватные монеты в лидерах Translation: Cryptocurrency market surges amid Trump-Powell feud: Bitcoin and privacy coins lead the way.

On January 11, the cryptocurrency market experienced an upswing following statements made by Federal Reserve Chair Jerome Powell regarding the pressures he faces from U.S. President Donald Trump.

In the past 24 hours, Bitcoin has risen by 1.5%, hitting the $92,000 mark. Ethereum’s price has increased by 2.1%, while Solana has surged by 5%.

This positive trend swept across nearly the entire market, with privacy coins witnessing the most significant gains: the value of Monero surged by 15.3%, reaching an all-time high around $596; Zcash rose by 9.4%.

Traders reacted to Powell’s video address, during which he disclosed that the U.S. Department of Justice had threatened him with criminal prosecution over his testimony given in Congress in June 2025.

«The threat of prosecution stems from the fact that the Federal Reserve sets rates based on the interests of the public rather than the preferences of the president,» the high-ranking official stated.

His term as head of the Federal Reserve is set to end in May 2026.

U.S. President Donald Trump has openly expressed his dissatisfaction with Jerome Powell’s actions, insisting on a more aggressive rate reduction approach. He has repeatedly attempted to influence the Fed’s decisions, urging them to reduce rates to 1% or lower.

Peter Chang, an analyst at Presto Research, noted in an interview with The Block that Bitcoin’s rally coincided almost perfectly with the release of Powell’s address. Gold also displayed positive momentum: at the time of writing, the asset had increased by 1.53%, reaching $4,578.

«The price movements indicate that Powell’s comments about the threat to the Fed’s independence triggered concerns among investors regarding the traditional dollar-based financial system,» the expert remarked.

He emphasized that faith in the neutrality of the dollar is what guarantees its status as a reserve currency.

«As soon as society becomes convinced otherwise, investors will start seeking ways to hedge against risks in the traditional system. Gold and Bitcoin serve as such hedging instruments,» he added.

Vincent Liu, the investment director at Kronos Research, commented that the upward momentum was also bolstered by technical factors and strategic purchases.

«Traders are closely monitoring these movements against a backdrop of extensive discussions about regulation, including news about a potential bill aimed at structuring the digital asset market for increased transparency and liquidity,» he noted.

Liu highlighted three key drivers for the week: Powell’s conflict with the Justice Department, news about potential tax cuts, and the upcoming Consumer Price Index publication.

BTSE’s Chief Operating Officer Jeff May suggested that volatility might spike at the opening of the U.S. session due to political tensions.

«Given the conflict between Trump and the Fed, a market downturn is possible at the start of trading in the U.S.,» he remarked.

On the other hand, CoinEx Research analyst Jeff Ko assesses the impact of the conflict between the Justice Department and the Fed as limited, viewing it merely as part of the overall uncertainty.

The expert considers the current environment to be favorable for digital assets. Market support is provided by weak U.S. employment data, rising gold prices, and decreasing leverage. Ko identifies geopolitical conditions as the primary risk:

«Any escalation could significantly increase volatility and demand for safe-haven assets.»

Andri Fauzan Adziima, head of the research department at Bitrue, noted the fundamental resilience of the U.S. economy. Growth in GDP, rising real wages, and slowing inflation create a conducive environment for investor interest in riskier assets.

At the same time, Goldman Sachs revised its expectations for monetary policy. The bank shifted its forecast for the first rate cut from March to June 2026, and the next cut to September.

«The anticipated rate reductions by the Fed, likely in June and September, will contribute to further easing of financial conditions, ensuring a liquidity influx that cryptocurrencies have historically absorbed, signaling the early stages of a sustainable bullish phase,» Adziima added.

Lastly, CryptoQuant analyst known as Arab Chain suggested that Bitcoin might soon reverse in light of a decline in open interest.