U.S. President Donald Trump has stated his intention to dismiss Jerome Powell if Powell does not step down when his term as Federal Reserve Chair concludes on May 15. According to NS3.AI, Bitcoin is currently trading near $75,000, reflecting market uncertainty surrounding the potential change in Fed leadership. Kraken's chief economist, Thomas Perfumo, has expressed concerns that markets are underestimating the impact of this transition, suggesting it could significantly influence cryptoassets. Perfumo highlighted that Kevin Warsh's confirmation hearing on April 21 might serve as a pivotal moment for traders to reevaluate their expectations regarding interest rate cuts.