• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home News

BTC Leads XRP, ETH, and ADA Higher as Perceived Threat to Fed Independence Sends Dollar Crashing

admin by admin
April 25, 2025
in News
0
BTC Leads XRP, ETH, and ADA Higher as Perceived Threat to Fed Independence Sends Dollar Crashing
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



Bitcoin (BTC) outshined the otherwise volatile alternative cryptocurrencies early Monday as the dollar index crashed to a three-year low on reports that President Donald Trump is exploring ways to remove the Federal Reserve Chairman Jerome Powell.

BTC rose over 2% to $87,200, hitting the highest since April 2, according to data source CoinDesk. The move marked a bullish resolution to the recent consolidation between $83,000 and $87,000. Major alternative cryptocurrencies such as payments-focused XRP, Ethereum’s ether and Cardano’s ADA rose over 1% each, lagging BTC.

In FX markets, hedge funds sold the U.S. dollar against major currencies, including euro, yen and the Aussie dollar, driving the dollar index to 98.5, the lowest since April 2022, according to data from charting platform TradingView. The DXY has declined by 10% in three months. Weakness in the dollar typically eases financial conditions, greasing risk-taking in financial markets.

Meanwhile, gold’s rally continued, with the per ounce price reaching a record high of $3,382, taking the year-to-date gain to 28%. Futures tied to the S&P 500 and Nasdaq traded 0.5% lower.

Observers suggest that National Economic Council Director Kevin Hassett’s comment on Friday regarding Trump’s intention to remove Powell likely triggered the selling of the dollar, along with upticks in BTC and gold.

“The move in bitcoin to $87,000 appears to be driven by a sharp drop in the U.S. dollar and a +2% rally in gold, both triggered by Trump’s push to replace Fed chair Powell. While a trade deal with Japan may be announced soon, the key catalyst today is the perceived thread to Fed independence,” Markus Thielen, founder of 10x Research, told CoinDesk.

Trump posted on Truth Social on Thursday that “Powell’s termination cannot come fast enough,” while reiterating calls for lower interest rates on the following day. Early last week, Powell said that the Fed would wait for more data on the economy before changing the borrowing cost while warning of stagflation.

Chicago Fed President Austan Goolsbee warned that a move by Trump to terminate Jerome Powell would undermine the credibility of the Fed.




#BTC #Leads #XRP #ETH #ADA #Higher #Perceived #Threat #Fed #Independence #Sends #Dollar #Crashing

Related articles

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

May 22, 2025
US tourist drugged by fake Uber driver and robbed of 3K BTC — Report

US tourist drugged by fake Uber driver and robbed of $123K BTC — Report

May 22, 2025
Tags: a bitcoin superpower should hold moreADAada higher asand market competition it wasBTCbullish resolution to the recentcode the scammers hung up andcommunity member described as ldquocompatible column notice limit 3 jnewsCrashingcryptocurrencies early monday as the dollarcryptocurrencies suchdollarem strong bitcoin on corporateETHFedhedge funds sold the uhigherhyperliquid vault tvl defillama loading lazyin bethlehem concurred that currentIndependenceits suit against coinbase withkops math p p class dcrleadslink 70eb6ca0 autism is not amarked a bullish resolution tomarketsmarkets-bitcoinmore complicated house financialnevada jersey gaming regulatorsPerceivedSendssharp dropthreatto cex platforms btoncoin ton a crypto asset linkedwith no criminal history the appwith upticks in btcwithout custodial complexity pXRP
Share76Tweet47

Related Posts

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

by admin
May 22, 2025
0

WASHINGON, D.C. — Congressional Democrats threatened lawsuits, introduced legislation and planned protests in the lead-up to U.S. President Donald Trump's...

US tourist drugged by fake Uber driver and robbed of 3K BTC — Report

US tourist drugged by fake Uber driver and robbed of $123K BTC — Report

by admin
May 22, 2025
0

An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole...

Centrifuge Expands Tokenized Assets to Solana Starting With 0M Treasury Fund

Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund

by admin
May 22, 2025
0

Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury...

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

by admin
May 22, 2025
0

OpenAI is planning to develop AI “companion” devices that will integrate artificial intelligence capabilities with everyday life, potentially opening the...

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

by admin
May 22, 2025
0

As spot bitcoin exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

May 22, 2025
Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner

May 22, 2025
Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recovery

Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recovery

May 22, 2025
Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

May 22, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com