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Bitcoin could be the winner in the ongoing trade war after showing signs of decoupling from stocks


Published on 2025-04-05 11:20:57 - FXStreet
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  • Bitcoin (BTC) traded above $84,000 on Friday, showing strength despite the stock market experiencing significant declines. The market reaction stems from United States (US) President Donald Trump's clash with the Federal Reserve (Fed) Chairman Jerome Powell over interest rate decisions.

The cryptocurrency market, including Bitcoin, remained stable amidst the clash between former President Donald Trump and Federal Reserve Chairman Jerome Powell over interest rate decisions, as reported on April 4, 2025. Trump criticized Powell's management of interest rates, suggesting that the Fed's policies were detrimental to the economy, while Powell defended the central bank's independence and its approach to managing inflation. Despite the political tension, Bitcoin and other cryptocurrencies held steady, with market analysts attributing the resilience to increasing institutional adoption and a maturing market less swayed by external political events. The article also highlighted that the crypto market's stability could be a sign of its growing independence from traditional financial markets and political influences.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/cryptocurrencies/news/bitcoin-crypto-market-holds-steady-as-trump-and-powell-clash-on-interest-rates-decision-202504042035 ]