{"id":113794,"date":"2025-04-17T19:58:00","date_gmt":"2025-04-17T15:58:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113794"},"modified":"2025-04-18T03:21:23","modified_gmt":"2025-04-17T23:21:23","slug":"bitcoin-stalls-at-85k-amid-trumps-clash-with-feds-powell","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-stalls-at-85k-amid-trumps-clash-with-feds-powell\/04\/17\/market-updates\/","title":{"rendered":"Bitcoin Stalls at $85K Amid Trump\u2019s Clash with Fed\u2019s Powell"},"content":{"rendered":"Bitcoin (BTC) is hovering just below $85,000, caught in a holding pattern as tensions escalate between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell. The cryptocurrency market, already rattled by global trade uncertainties, faces fresh volatility following Trump\u2019s reported discussions about ousting Powell, raising concerns over central bank independence and economic stability. This clash comes as the U.S. grapples with stagflation fears, fueled by a sharp drop in the Philadelphia Fed manufacturing index and rising prices amid Trump\u2019s tariff policies.<br \/><br \/>Powell\u2019s recent hawkish remarks have added to the market\u2019s unease. Criticizing Trump\u2019s tariffs as likely to slow growth while driving up prices\u2014a scenario economists term \u201cstagflation\u201d\u2014Powell signaled a focus on controlling inflation, hinting at tighter monetary policy. This stance has dampened hopes for near-term rate cuts, with markets now pricing in a more cautious Fed approach. Bitcoin, often viewed as a risk asset, dipped alongside stocks after Powell\u2019s comments, though gains in altcoins like BCH, NEAR, and AAVE kept the broader CoinDesk 20 Index buoyant.<br \/><br \/>Trump\u2019s private talks about replacing Powell with former Fed Governor Kevin Warsh, coupled with warnings from Treasury Secretary Scott Bessent about market instability, have heightened uncertainty. The odds of Trump removing Powell this year have climbed to 19% on the blockchain-based prediction market Polymarket, the highest since January. Meanwhile, bitcoin options traders are hedging bets, chasing bullish targets between $90,000 and $100,000 while seeking protection against near-term declines, according to Deribit data.<br \/><br \/>The broader economic context adds complexity. Trump\u2019s tariffs, which have sparked fears of a U.S. recession, are seen as dovish by some analysts, potentially forcing the Fed to cut rates if growth falters significantly. However, Powell\u2019s current focus on inflation suggests no immediate pivot. As markets digest these dynamics, bitcoin\u2019s price action remains subdued, reflecting investor caution amid geopolitical and monetary policy turbulence. With Trump\u2019s trade policies and Fed decisions hanging in the balance, the crypto market braces for a bumpy ride.","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) is hovering just below $85,000, caught in a holding pattern as tensions escalate between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell. The cryptocurrency market, already rattled by global trade uncertainties, faces fresh volatility following Trump\u2019s reported discussions about ousting Powell, raising concerns over central bank independence and economic stability. This &hellip;<\/p>\n","protected":false},"author":13,"featured_media":108592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,37,36],"tags":[],"class_list":["post-113794","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113794"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113794\/revisions"}],"predecessor-version":[{"id":113806,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113794\/revisions\/113806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/108592"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}