FameEX Morning Crypto News Recap | April 23, 2025
2025-04-22 23:52:33Trump Pressures Fed, Bitcoin Responds with Strong Gains
Institutional analyst Aslam observed that Trump’s push for immediate Fed rate cuts, combined with weak U.S. economic data, is prompting investors to move away from the dollar. This shift has increased Bitcoin’s attractiveness as a hedge, driving its price upward amid rising fears of an economic slowdown.
Trump’s Dismissal of Powell Could Echo Lira Crisis, Channeling Capital to Bitcoin and Stablecoins
According to ChainCatcher, Trump intends to fire Fed Chair Jerome Powell, reminiscent of Turkey’s 2019 central bank shakeup that led to currency collapse and crypto inflows. Such a move could trigger dollar sell-offs and accelerate investor adoption of Bitcoin and stablecoins amid growing concerns over fiat currency instability.
BTC Open Interest and Trading Volume Soar Sharply
Glassnode data shows Bitcoin open interest rose from $36.2B to $38.6B in 36 hours, reaching a post-March high, while spot trading volume spiked from $2.9B to $8B.
Institutional Giants Increase Bitcoin Stakes: BlackRock, Fidelity, Bitwise, and ARK Invest
Bitcoin hits $90,000, as BlackRock, Fidelity, Bitwise, and ARK Invest increase their BTC holdings, according to Lookonchain data.
Bitcoin’s Future Gains Backed by Five Key Catalysts, According to Bernstein
Bernstein remains optimistic about Bitcoin’s long-term prospects, despite short-term market fluctuations. They highlight five core drivers: ① Continuous buying of Bitcoin, with a more resilient capital base; ② New purchasing plan for strategic Bitcoin reserves; ③ Mainstream banks accepting cryptocurrencies; ④ Progress in stablecoin regulation; ⑤ Promotion by asset management companies and brokers.
Bitcoin Regains Spot as the Eighth Largest Asset Worldwide
As of April 22, 8marketcap data shows Bitcoin’s market cap rose to $1.791 trillion, overtaking the Vanguard Total Stock Market ETF. With a 5.4% weekly increase, Bitcoin has reclaimed its position as the eighth-largest asset globally.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.