Crypto_Quill
Passionate crypto enthusiast decoding the blockchain world. Sharing insights, trends, and tips to navigate the digital currency frontier.
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As of April 18, 2025, former President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, suggesting he might remove Powell if reelected. Trump expressed dissatisfaction with Powell's handling of interest rates, stating that Powell is "too late on everything" and implying that the Fed Chair's decisions may be politically motivated. He has also hinted at the possibility of Powell's removal, despite legal protections for the Fed's.
In contrast, Powell has maintained that he would not resign if asked and emphasized the importance of the Federal Reserve's independence. Legal experts note that the president lacks the authority to dismiss a sitting Fed Chair without cause, and any attempt to do so could face legal challenges.
Senator Elizabeth Warren has warned that such actions could undermine confidence in U.S. financial markets and potentially lead to a stock market crash. She criticized Trump's remarks as an attempt to politicize monetary policy and weaken the Fed's credibility.
This ongoing dispute highlights the tension between executive influence and the Federal Reserve's mandate to operate independently in setting monetary policy. #PowellRemarks
In contrast, Powell has maintained that he would not resign if asked and emphasized the importance of the Federal Reserve's independence. Legal experts note that the president lacks the authority to dismiss a sitting Fed Chair without cause, and any attempt to do so could face legal challenges.
Senator Elizabeth Warren has warned that such actions could undermine confidence in U.S. financial markets and potentially lead to a stock market crash. She criticized Trump's remarks as an attempt to politicize monetary policy and weaken the Fed's credibility.
This ongoing dispute highlights the tension between executive influence and the Federal Reserve's mandate to operate independently in setting monetary policy. #PowellRemarks
Trump's tariffs
Key Points
- Research suggests Trump's tariffs in 2025 include a 10% universal tariff on all imports, effective April 5, and higher reciprocal tariffs up to 50% for countries with large U.S. trade deficits, effective April 9.
- It seems likely that these tariffs aim to reduce trade deficits and protect U.S. manufacturing, but they have sparked controversy, with critics warning of inflation and recession risks.
- The evidence leans toward significant market reactions, including U.S. stock losses
- Research suggests Trump's tariffs in 2025 include a 10% universal tariff on all imports, effective April 5, and higher reciprocal tariffs up to 50% for countries with large U.S. trade deficits, effective April 9.
- It seems likely that these tariffs aim to reduce trade deficits and protect U.S. manufacturing, but they have sparked controversy, with critics warning of inflation and recession risks.
- The evidence leans toward significant market reactions, including U.S. stock losses
XRP’s Next Move: A Deep Dive into Trends and Predictions for April 2025
As of April 8, 2025, XRP, the cryptocurrency tied to Ripple Labs, continues to hold a prominent spot in the crypto market, currently ranked among the top digital assets by market capitalization. With its price hovering around $1.94 as of recent data, XRP has experienced a rollercoaster ride of volatility and growth over the past year, boasting a remarkable 216.4% increase. However, short-term fluctuations—like a 10% drop in the last week—have left investors and analysts speculating about its nex
Bitcoins next move
Bitcoin's Next Move: Analyzing Trends and Predictions for April 2025
As of April 8, 2025, Bitcoin remains the flagship cryptocurrency, captivating investors, traders, and enthusiasts alike with its volatile yet transformative journey. With its price history marked by dramatic rallies and steep corrections, the question on everyone’s mind is: What’s Bitcoin’s next move? While no one can predict the market with absolute certainty, we can analyze current trends, market dynamics, and expert sentime
As of April 8, 2025, Bitcoin remains the flagship cryptocurrency, captivating investors, traders, and enthusiasts alike with its volatile yet transformative journey. With its price history marked by dramatic rallies and steep corrections, the question on everyone’s mind is: What’s Bitcoin’s next move? While no one can predict the market with absolute certainty, we can analyze current trends, market dynamics, and expert sentime
Is bitcoin going up or down Reply your predictions in comments let see who is right and who is wrong
Btc Going Up
39%
Btc Going down
61%
75 votes • Voting closed
Bitcoin could repeat post COVID style rise
Bitcoin's recent crash is reminiscent of the market downturn on March 12 following the global emergency surrounding the COVID-19 pandemic.Bitcoin rose over 1,000% after the COVID crash; could repeat a similar move if the Fed begins cutting rates.Investors should pay close attention to Bitcoin ETF flows, health of crypto companies and signs of potential market bottom.
In a memo to investors on Monday, Bitwise Chief Investment Officer (CIO) Matt Hougan noted that the recent crypto market crash has
In a memo to investors on Monday, Bitwise Chief Investment Officer (CIO) Matt Hougan noted that the recent crypto market crash has
$BTC crashes below $53K wiping out $600M in leveraged longs
A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled sharply.
The price of Bitcoin crashed as low as $52,500 on Aug. 5, in a sudden drawdown that saw BTC tumble 10% from $58,350 in less than two hours.
The last time BTC traded below $53,000 was on Feb. 26 earlier this year, as the price rallied following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.
The sharp downward move has now seen over $740 million in leverage positions wiped out across the crypto market in the last 24 hours, with just over $644 million in leveraged longs being liquidated, per CoinGlass data.
Notably, traders looking to gain leveraged exposure to Ether were the hardest hit, with over $256 million in ETH longs cleaned up, while $231 million in BTC longs were forcibly closed.
There has been a significant increase in the open interest for ETH over the last few months, with traders flocking to gain exposure to the asset in the lead-up to and aftermath of the approval of spot Ether ETFs in the US.
The sharp downturn in crypto asset prices came amid a sharp sell-off in the Japanese stock market, the Nikkei 225, which is currently down 7.1% in early trading hours.
On Aug. 2 Japanese bank stocks notched their worst day of performance since 2008, buffeted by a decision from the country's central bank to hike interest rates.
The sudden flash crash briefly saw the total crypto market capitalization wipe out as much as $500 billion in the last three days, the largest 72-hour wipeout in well over a year.
Several market commentators have traced back the recent turmoil back to weak jobs data in the United States, slowed growth among market-leading tech companies in the stock market as well as concerns of mass selling from crypto trading firm Jump Crypto
#July_NonFarmPayrolls_Shock
A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled sharply.
The price of Bitcoin crashed as low as $52,500 on Aug. 5, in a sudden drawdown that saw BTC tumble 10% from $58,350 in less than two hours.
The last time BTC traded below $53,000 was on Feb. 26 earlier this year, as the price rallied following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.
The sharp downward move has now seen over $740 million in leverage positions wiped out across the crypto market in the last 24 hours, with just over $644 million in leveraged longs being liquidated, per CoinGlass data.
Notably, traders looking to gain leveraged exposure to Ether were the hardest hit, with over $256 million in ETH longs cleaned up, while $231 million in BTC longs were forcibly closed.
There has been a significant increase in the open interest for ETH over the last few months, with traders flocking to gain exposure to the asset in the lead-up to and aftermath of the approval of spot Ether ETFs in the US.
The sharp downturn in crypto asset prices came amid a sharp sell-off in the Japanese stock market, the Nikkei 225, which is currently down 7.1% in early trading hours.
On Aug. 2 Japanese bank stocks notched their worst day of performance since 2008, buffeted by a decision from the country's central bank to hike interest rates.
The sudden flash crash briefly saw the total crypto market capitalization wipe out as much as $500 billion in the last three days, the largest 72-hour wipeout in well over a year.
Several market commentators have traced back the recent turmoil back to weak jobs data in the United States, slowed growth among market-leading tech companies in the stock market as well as concerns of mass selling from crypto trading firm Jump Crypto
#July_NonFarmPayrolls_Shock
"Bitcoin Plummets"
The crypto prices today have taken an alarmingly bearish turn, raising significant concerns among market participants. Bitcoin’s (BTC) price dipped as low as the $60K level, although it neared $62K as the day longed. Further, Ethereum (ETH), XRP, and Solana prices tanked 4%-7%, in alignment with the broader market trend, News.Az reports citing CoinGape.
The global crypto market cap saw a 4.76% decline to $2.19 trillion today. However, the total crypto market volume increased by 10.72% to $95.22
The global crypto market cap saw a 4.76% decline to $2.19 trillion today. However, the total crypto market volume increased by 10.72% to $95.22
#US_Job_Market_Slowdown
Overnight, the US Federal Reserve maintained its key interest rate at 5.25–5.5% for the eighth consecutive time, as expected, while signaling the possibility of a rate cut in its next meeting in September. The Federal Open Market Committee's unanimous decision reflects a continued wait-and-watch approach as it monitors inflation trends.
CoinSwitch Markets Desk, said, "Bitcoin fell below $65,000 after the US Federal Reserve announced it would keep interest rates unchanged. However, with markets now anticipating rate cuts in the upcoming Federal Reserve meeting in September, the outlook for a Bitcoin rally by the end of the year has strengthened."
Meanwhile, CoinDCX Research Team, said, "The crypto market tumbled after the Fed's decision. Tomorrow's U.S. unemployment rate announcement is expected to induce more volatility, with an 'Actual' figure greater than 'Forecast' being good for crypto."
At 12:21 pm IST, Bitcoin (BTC) was trading 3.2% lower at $64,285, while Ethereum fell nearly 4.5% to $3,313. Meanwhile, the global cryptocurrency market cap dropped by 3.6% to around $2.3 trillion in the last 24 hours.
"Bitcoin needs to break above its 200-day EMA at $64,510 to consolidate further. Else, a retest of $62,000 may be on the cards," said Vikram Subburaj, CEO of Giottus.
The volume of all stablecoins is now $71.64 billion, which is 92.19% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. Bitcoin's dominance is currently 54.99%. BTC volume in the last 24 hours rose 23.3% to $35.7 billion.
#US_Job_Market_Slowdown
Overnight, the US Federal Reserve maintained its key interest rate at 5.25–5.5% for the eighth consecutive time, as expected, while signaling the possibility of a rate cut in its next meeting in September. The Federal Open Market Committee's unanimous decision reflects a continued wait-and-watch approach as it monitors inflation trends.
CoinSwitch Markets Desk, said, "Bitcoin fell below $65,000 after the US Federal Reserve announced it would keep interest rates unchanged. However, with markets now anticipating rate cuts in the upcoming Federal Reserve meeting in September, the outlook for a Bitcoin rally by the end of the year has strengthened."
Meanwhile, CoinDCX Research Team, said, "The crypto market tumbled after the Fed's decision. Tomorrow's U.S. unemployment rate announcement is expected to induce more volatility, with an 'Actual' figure greater than 'Forecast' being good for crypto."
At 12:21 pm IST, Bitcoin (BTC) was trading 3.2% lower at $64,285, while Ethereum fell nearly 4.5% to $3,313. Meanwhile, the global cryptocurrency market cap dropped by 3.6% to around $2.3 trillion in the last 24 hours.
"Bitcoin needs to break above its 200-day EMA at $64,510 to consolidate further. Else, a retest of $62,000 may be on the cards," said Vikram Subburaj, CEO of Giottus.
The volume of all stablecoins is now $71.64 billion, which is 92.19% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. Bitcoin's dominance is currently 54.99%. BTC volume in the last 24 hours rose 23.3% to $35.7 billion.
#US_Job_Market_Slowdown
Is Bitcoin Going Up
68%
Is Bitcoin Going Down
32%
22 votes • Voting closed
The volatility in the cryptocurrency industry continues, with the leading digital asset plummeting from $65,600 to $62,300 for the second time in the past day or so.
The main driver behind the latest price plunge could be attributed to the developments on US soil, as the jobs data was weaker than expected, and the stock market crashed.
The opening bell for the US stock market was met with immediate price declines from most larger companies and, naturally, the most prominent indexes. The S&P 500 is down by over 2% daily, while the Nasdaq Composite’s decline went to 3% earlier today.
The overall market-wide crash has been linked to the US jobs data that was released earlier today, which was below expectations. The unemployment rate has skyrocketed to its highest levels since October 2021 of 4.3%.
Bitcoin reacted in a similar fashion. The asset had already faced tons of volatility at the end of the business week but it had recovered some ground and stood close to $65,500. However, it slumped hard to $62,200 for the second time in the past day.
BTC has since bounced off and now sits above $63,000. Most altcoins experienced identical price fluctuations, leaving over $300 million in liquidations on a daily scale.
"Bitcoin needs to break above its 200-day EMA at $64,510 to consolidate further. Else, a retest of $62,000 may be on the cards," said Vikram Subburaj, CEO of Giottus.
The main driver behind the latest price plunge could be attributed to the developments on US soil, as the jobs data was weaker than expected, and the stock market crashed.
The opening bell for the US stock market was met with immediate price declines from most larger companies and, naturally, the most prominent indexes. The S&P 500 is down by over 2% daily, while the Nasdaq Composite’s decline went to 3% earlier today.
The overall market-wide crash has been linked to the US jobs data that was released earlier today, which was below expectations. The unemployment rate has skyrocketed to its highest levels since October 2021 of 4.3%.
Bitcoin reacted in a similar fashion. The asset had already faced tons of volatility at the end of the business week but it had recovered some ground and stood close to $65,500. However, it slumped hard to $62,200 for the second time in the past day.
BTC has since bounced off and now sits above $63,000. Most altcoins experienced identical price fluctuations, leaving over $300 million in liquidations on a daily scale.
"Bitcoin needs to break above its 200-day EMA at $64,510 to consolidate further. Else, a retest of $62,000 may be on the cards," said Vikram Subburaj, CEO of Giottus.
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