FameEX Morning Crypto News Recap | April 23, 2025
2025-04-22 23:51:37Trump’s Demand for Fed Rate Cuts Sparks Bitcoin Rally
Institutional analyst Aslam noted that Trump’s renewed call for immediate Fed rate cuts has driven investors to seek alternatives to the dollar. Coupled with weak U.S. economic data, this has boosted Bitcoin’s appeal as a hedge, pushing its price higher amid growing recession concerns.
Powell’s Dismissal by Trump May Mirror Lira Crisis, Driving Capital to BTC and Stablecoins
ChainCatcher reports Trump plans to fire Fed Chair Jerome Powell, echoing Turkey’s 2019 move that triggered a currency collapse and crypto surge. If Powell is removed, it could accelerate dollar sell-offs and boost Bitcoin and stablecoin adoption amid rising investor concern over fiat instability.
Bitcoin Open Interest and Spot Volume See Major Surge
Glassnode data reveals Bitcoin open interest jumped from $36.2B to $38.6B within 36 hours, hitting its highest level since late March. Simultaneously, spot trading volume surged from $2.9B to $8B.
Top Asset Managers Boost BTC Exposure: BlackRock, Fidelity, Bitwise, ARK Invest
Lookonchain reports Bitcoin has reached $90,000 again, with BlackRock, Fidelity, Bitwise, and ARK Invest boosting their BTC holdings.
Five Major Catalysts Could Propel Bitcoin Higher, Says Bernstein
Bernstein maintains a bullish long-term outlook for Bitcoin despite short-term volatility, citing five key catalysts: 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 Market Cap Rises Back to Eighth Globally
As of April 22, 8marketcap data shows Bitcoin's market capitalization has reached $1.791 trillion, surpassing the Vanguard Total Stock Market ETF. This 5.4% weekly gain places Bitcoin back in the eighth spot among global assets by market cap.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.