Bitcoin Holds $70K as Trump Tweets and Fed Flip-Flops—Traders Just Shrug
BTC defies political noise and central bank whiplash, proving yet again that crypto markets dance to their own rhythm. Meanwhile, traditional investors still think ’diversification’ means holding both stocks and bonds.
Trump’s latest crypto endorsement gets meme’d, Powell’s speech gets parsed—but Bitcoin’s chart just keeps printing higher lows. The ultimate hedge against clueless policymakers? A ledger that doesn’t care about their press conferences.
Fun fact: The Fed’s balance sheet grew more in Q1 than Bitcoin’s entire market cap. Guess which asset actually has a hard cap?
$105,203 is trading at $105,400, with investors pleased as declines have been short-lived. However, the atmosphere is rife with uncertainty, underscored by the Federal Reserve’s recent statements. In the midst of these developments, former President TRUMP had some positive remarks following a recent phone conversation, possibly related to the ongoing Russia conflict. Here’s a quick rundown of recent events.
Trump and Fed’s Statements
Just a few moments ago, Trump declared that his meeting with Putin had turned out excellently. As this article is being prepared, Kremlin is releasing their own statements. The summary of Kremlin’s statements is as follows:
“Trump stated that the U.S. considers Russia one of its primary trade and economic partners. The Putin-Trump meeting requires careful preparation, and both leaders have given instructions on this matter.
Trump and Putin agreed to maintain dialogue on all issues and expressed their intent to meet in the future. Although Trump emphasized the desire to reach a quick agreement, the leaders did not discuss the timing of a ceasefire.” – Kremlin
Trump further commented:
“The conditions will be negotiated between the two parties. Negotiations for the ceasefire will start immediately. Russia wishes to establish comprehensive trade relations with the U.S. once the conflict is over.”
The Kremlin also mentioned that “Trump told Putin he could call at any time.”
From the Federal Reserve, Kashkari provided a summary of the economic outlook, reflecting on the year ahead:
“As we entered this year, economic conditions were good. Currently, there is great economic uncertainty. I’m unsure when there will be clarity regarding tariffs.
Businesses are postponing investments due to this uncertainty. We will wait and see until more information is available. It is clear, however, that artificial intelligence will have a very positive impact on the economy. Whether or not debt levels will become a problem depends on investor confidence. There are more questions now about the U.S.’s long-term role.”
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