Bitcoin (عملة البيتكوين) has remained stable below the $85,000 level during the past hours of trading on Friday, amid rising tensions between U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell, which added a new layer of uncertainty for investors.
Markets saw a decline on Wednesday after hawkish comments from Powell, who criticized Trump's tariff policy, warning that it could lead to an economic slowdown and rising prices, a phenomenon known economically as "stagflation." Powell clarified in his speech that his primary focus is currently on prices, indicating a shift towards a more hawkish monetary policy than previously expected.
Trump, who nominated Powell to chair the Federal Reserve during his first term (and was then re-nominated for a second four-year term by President Biden), has expressed his dissatisfaction with Powell since returning to the White House.