Bitcoin’s Resilience Amid Political and Economic Turmoil

As the U.S. dollar and Wall Street face declines, Bitcoin continues to demonstrate strength. Potential political shifts, such as President Trump firing Federal Reserve Chairman Jerome Powell, could accelerate a move away from the USD towards assets like Bitcoin and stablecoins. Meanwhile, Turkey’s lira crisis, driven by central bank interference, has already seen capital flight into BTC and stablecoins. Additionally, the U.S. derivatives watchdog is exploring 24/7 trading for crypto derivatives, signaling further institutional interest in the cryptocurrency space. This article explores these developments and their implications for Bitcoin’s future.

Bitcoin May Benefit from Trump Firing Powell, Turkey’s Lira Crisis Offers Insights

The U.S. dollar and Wall Street have declined, but Bitcoin remains strong. If President Trump fires Federal Reserve Chairman Jerome Powell, the shift away from USD towards assets like BTC and stablecoins could accelerate. Turkey’s lira crisis, triggered by interference in the central bank, has led to capital flight into BTC and stablecoins.

U.S. Derivatives Watchdog Considers 24/7 Trading for Crypto Derivatives

The Commodity Futures Trading Commission (CFTC) is seeking public comments on whether it should allow around-the-clock trading for derivatives of Bitcoin and potentially other digital assets. This move comes amidst ongoing efforts by Congress to establish industry rules, with the CFTC expected to play a key role in regulating the crypto market. The agency cited technological advancements and market demand as factors pushing regulated firms towards 24/7 transaction handling.

Bitcoin and Euro Options Signal Strength Against Dollar

Options linked to Bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. Bitcoin’s short- and near-dated risk reversals are slightly positive, indicating a bullish bias. Similarly, the one-month EUR/USD risk reversal has flipped to positive, demonstrating a favorable outlook for EUR call options.

Bitcoin Closing In on Historic Breakout vs Nasdaq

Bitcoin is on the brink of breaking out relative to the Nasdaq 100 Composite, with the BTC/Nasdaq ratio currently at 4.96. This indicates it now takes nearly five Nasdaq units to equal the value of one Bitcoin. The previous record of 5.08 was set in January 2025, when Bitcoin hit its all-time high of over $109,000. Historically, each market cycle has seen the ratio reach new highs, highlighting Bitcoin’s continued outperformance against the Nasdaq. Across multiple timeframes, Bitcoin is increasingly diverging from U.S. tech stocks. Year-to-date, Bitcoin is down just 6%, compared to the Nasdaq’s 15% decline. Since Donald Trump’s election victory in November 2024, Bitcoin has rallied 30%, while the Nasdaq has fallen 12%.

Crypto Daybook Americas: Bitcoin Reasserts Itself Amid Market Turbulence

Global markets are currently experiencing significant turbulence, with the classic portfolio of 60% equities and 40% bonds no longer offering the same protection. As stocks and bonds fall, Bitcoin (BTC) is reasserting itself as a potential SAFE haven. Gold has also hit a record high. The geopolitical tension ignited by tariffs, stubborn inflation, and slowing growth have contributed to this market volatility.