Bitcoin’s Price Dynamics Amid Jerome Powell’s Hawkish Stance
In a recent development that has significant implications for the cryptocurrency market, Federal Reserve Chair Jerome Powell delivered a speech that failed to assure investors of an imminent policy easing. This has led to interesting movements in Bitcoin’s price, reflecting the market’s reaction to the Fed’s continued focus on inflation.
Jerome Powell Makes No Promise to Ease Policy; Fed to Stay Focused on Inflation
Investors hoping for a significant dovish pivot from the Fed following the president’s tariff announcement and stock market plunge will have to wait. Fed Chair Jerome Powell stated that it is too soon to consider any policy adjustments and that the Fed will ensure a temporary rise in inflation does not persist. Bitcoin (BTC) bounced a bit ahead of the Powell speech in the hope he would take a more dovish stance.
Bitcoin at a Crossroads as Dollar Index Hits Critical Support Zone
Expert trader CarpeNoctom believes that Bitcoin might experience a breakout due to the recent changes in the US Dollar Index (DXY). Over the past 80 days, the DXY has weakened by 8%, traditionally providing favorable market conditions for Bitcoin and other high-risk assets to increase in price. However, the recent drop in the DXY has not correlated positively with Bitcoin, which fell by 13% during the same period. President Trump’s tariffs have disrupted the usual relationship between the US Dollar and Bitcoin prices.
U.S. Markets Plunge $9.6 Trillion, Bitcoin Shows Resilience
April has started tumultuously as global markets have experienced significant downturns. The U.S. stock market has lost a staggering $9.6 trillion in value since President Donald Trump’s second-term inauguration in January, with $5 trillion of that decline occurring over the past two days, marking the largest two-day loss on record. The Nasdaq Composite index is nearing bear market territory, having fallen over 20% from its December 2024 peak. JPMorgan Chase now estimates a 60% probability of a U.S. economic recession. These declines are largely attributed to investor concerns following Trump’s implementation of a 10% tariff on all U.S. imports, particularly affecting tech-heavy exporters. Despite this, Bitcoin has shown some resilience amidst the market turmoil.
Decentralized Finance: The Strategic Lever For Global Bitcoin Adoption
According to a recent report by Binance Research, Bitcoin could evolve from a mere store of value to a true productive asset. This evolution is driven by the rapid expansion of decentralized finance based on Bitcoin (BTCFi), whose total value locked surged by over 2,700% in one year. The report details the remarkable expansion of the BTCFi sector, with its total value locked (TVL) exceeding 8.6 billion dollars in 2025. Interest in BTCFi has significantly intensified following the April 2024 halving.
Bitcoin Python Library Targeted by Wallet Draining Malware
Machine learning has been used to detect crypto malware targeting users of bitcoinlib, a popular Python library for creating and managing crypto wallets. The malicious packages, named ’bitcoinlibdbfix’ and ’bitcoinlib-dev,’ attempted to overwrite legitimate commands to extract sensitive database files. bitcoinlib has attracted more than one million downloads since its launch. The rogue coders responsible masqueraded as solutions to an issue causing error messages during Bitcoin transfers and lobbied for their libraries to be run on GitHub.
