Bitcoin Price Moves Above $85K as Donald Trump Fires at Fed Chief Jerome Powell, What’s happening ?

Quick Summary:

Treasury Secretary Scott Bessent is reportedly preparing to begin interviewing candidates to potentially replace Powell later this year, adding further uncertainty to the Fed’s policy outlook.

Bitcoin price tethered near the $85,000 zone on Thursday despite bearish sentiment across global financial markets linked to the US-China trade war.

On the other hand, if the ECB slashes rates while Powell opts for another pause, the divergence could create a temporary imbalance in capital flows.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: IndiaChina

Topics: Price Analysis Bitcoin (BTC) Price Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 17:32:18 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27967373

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Main Topics: Crypto

Official Website: coingape.com

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