#PowellRemarks Federal Reserve Chair Jerome Powell, speaking at the Economic Club of Chicago on April 16, 2025, emphasized the Fed's cautious stance amid economic uncertainties stemming from recent tariff policies. He indicated that the central bank would maintain current interest rates, awaiting clearer insights into the tariffs' impact on inflation and growth. Powell acknowledged that the tariffs are larger than anticipated, potentially leading to higher inflation and slower economic growth. He highlighted the challenge of balancing the Fed's dual mandate of price stability and maximum employment in this context. Despite market volatility, Powell dismissed the notion of a "Fed put," suggesting limited intervention unless market dysfunction occurs. Following his remarks, major stock indices declined, reflecting investor concerns over the economic outlook…
#MetaplanetBTCPurchase Metaplanet Inc., a Tokyo-listed investment firm, recently made headlines with its strategic purchase of Bitcoin, signaling growing corporate interest in digital assets beyond the West. The company acquired 117.7 BTC, worth approximately $7.19 million, as part of a broader shift toward Bitcoin as a treasury reserve asset. This move mirrors the strategy adopted by U.S.-based MicroStrategy and reflects increasing institutional confidence in Bitcoin's long-term value. Metaplanet cited concerns over the yen’s declining value and global economic uncertainty as key motivations. The purchase marks one of the most significant Bitcoin acquisitions by a publicly traded company in Japan, suggesting a potential trend toward greater crypto adoption in Asia. Investors responded positively, with Metaplanet’s stock seeing a notable uptick following the announcement.
#Solana bounced cleanly from the bottom of its weekly range around $100 ✅
On the 4H chart, $SOL is now forming the same bullish consolidation pattern as BTC. The range stays valid until it’s broken, so by default, we can expect a pullback toward ~$125.
{future}(SOLUSDT)
However, if a breakout happens and the price gets accepted above ~$135 (with several lower timeframe candle closes), there’s a good chance we’ll see continuation toward ~$148.
ETF Flows! 📈
On April 16, significant outflows were observed across crypto ETFs, highlighting cautious sentiment among institutional investors approximately 2,050 $BTC and 7,620 $ETH were sold.
🔹Bitcoin ETFs recorded $171.1 million in net outflows.
🔹Ethereum ETFs saw $12.1 million in net outflows.
These movements suggest a shift in short-term positioning, possibly driven by macroeconomic factors or profit-taking. It will be interesting to see how the market reacts in the coming days.
#ETFs