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Trump’s Tension with Powell Sparks Bitcoin Interest Amid Regulatory Uncertainty

Trump’s Tension with Powell Sparks Bitcoin Interest Amid Regulatory Uncertainty

Published:
2025-04-21 09:48:02
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Recent comments by former President Donald Trump criticizing Federal Reserve Chair Jerome Powell have stirred discussions in the cryptocurrency market. Analysts suggest that political tensions and unclear monetary policies could drive investors toward Bitcoin as a hedge. Meanwhile, Bitcoin’s price remains resilient, trading above $84,000, while gold also sees upward momentum. The need for clear, apolitical crypto regulations has been highlighted as a key factor for future market stability.

Trump’s Threat to Powell May Influence Bitcoin

President Trump slammed Federal Reserve Chair Jerome Powell for not cutting interest rates, hinting at a desire to replace him. The tension between Trump and Powell could push investors towards assets like Bitcoin, according to Grindery’s Tim Delhaes. Another analyst noted the need for clear crypto regulations free from political influence. Bitcoin saw slight gains on Friday, trading above $84,000.

Bitcoin holds on as Gold climbs – Is this the new safe haven duo?

Bitcoin is still holding above $80k as investors seek safety in uncertain markets. Metrics indicate that 77% of holders are in profit, with netflows supporting strong sentiments. The world economy remains unstable, with evolving trade relationships, persistent inflation, and cracking stock markets. Hard assets like Gold and Bitcoin are gaining attention, with Gold hitting a new all-time high of $3,300. BTC remains well above the $80k price level, moving in sync with Gold as investors seek safety. Bitcoin is emerging as a serious safe-haven contender, alongside traditional assets like Gold.

Is This the Final Shakeout Before Bitcoin’s Next Big Move?

Bitcoin’s recent price action has shown signs of stagnation, hovering around the $84,000 mark. Despite recovering from previous corrections, the price has struggled to break through the current resistance level, signaling weak buying momentum and cautious sentiment. The current phase of consolidation follows weeks of volatile swings driven by broader macroeconomic uncertainty. Insights into the behavior of short-term holders may offer valuable perspectives on the market’s direction.

Tariff Hike Threatens US Bitcoin Mining as Costs Set to Surge

American crypto miners are concerned about their future operations due to President Donald Trump’s new tariffs targeting Asian imports, a major source of Bitcoin mining equipment. Bitcoin mining hardware manufactured in Southeast Asia now faces potential tariffs of up to 36%, putting added pressure on U.S. crypto miners who depend heavily on imported equipment. While a standard 10% tariff still applies, Trump’s proposed trade policy, which would increase import taxes on machines from countries like Malaysia, Indonesia, and Thailand, has been delayed by a 90-day pause. The policy outlines tariff hikes ranging from 24% to 36%, threatening to drive up operational costs across the mining industry.

Saylor and ETF Investors Stabilize Bitcoin Amid Macroeconomic Uncertainty

According to a Bloomberg analyst, Bitcoin’s relatively stable price movements despite macroeconomic uncertainty are likely due to resilient spot Bitcoin ETF holders and Michael Saylor’s firm continuing to buy aggressively. Eric Balchunas, a Bloomberg ETF analyst, noted that ETFs and Saylor have been absorbing sell-offs from various sources, including FTX refugees and GBTC discounters. Over the past 30 days, spot Bitcoin ETFs have attracted $131.04 million and are up $2.4 billion since Jan. 1, which Balchunas called ’impressive’ and helps explain Bitcoin’s stability.

Quantum Researchers Offer 1 BTC Prize to Break Cryptography

A quantum-computing collective known as Project Eleven has offered a reward of one Bitcoin to the first team that can break a deliberately down-scaled version of Bitcoin’s elliptic-curve cryptography using a genuine quantum computer before 5 April 2026. The group announced the “Q-Day Prize” with the mission to protect 6 million BTC (over $500 billion). This initiative highlights concerns over the eventual arrival of large-scale, error-corrected quantum hardware capable of running Shor’s algorithm, which could potentially compromise Bitcoin’s cryptography.

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