Grayscale recently met with the SEC’s crypto task force, urging for approval to allow Ethereum staking through its ETFs. The company emphasized that $61 million in rewards have been missed due to current regulations. Grayscale is requesting an update to its Form 19b-4 filings for the Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH). If approved, these changes would enable the company to directly earn staking rewards, optimizing potential returns for investors.
Bitcoin price forecast remains clouded by political tension, with BTC holding above $85,000 as traders weigh Fed independence and rate direction
Bitcoin price hovers above $85K as Trump escalates pressure on Fed Chief Powell
Bitcoin price tethered near the $85,000 zone on Thursday despite bearish sentiment across global financial markets linked to the US-China trade war. While equity markets faced sharp drawdowns, the flagship cryptocurrency remained resilient following heightened political friction between the White House and the Federal Reserve.
President Donald Trump amplified criticism of Federal Reserve Chair Jerome Powell, suggesting potential removal after Powell reaffirmed the Fed’s legal independence during a speech at the Economic Club of Chicago. Powell emphasized that the central bank’s autonomy is protected by statute, stating, “We’re not removable except for cause.”
US President Donald Trump Criticizes US Fed Chief Jerome Powell, April 17, 2025 | Source: TruthSocial
The remarks followed a series of posts on Trump’s Truth Social account, where he labeled Powell’s policy direction “a complete mess,” accusing the Fed of missing timely opportunities to reduce interest rates despite falling inflation and commodity prices.
Trump pointed to the European Central Bank’s expected seventh rate cut as justification for immediate Fed action.
He claimed inflation was under control and called for lower rates to support economic growth.
Treasury Secretary Scott Bessent is reportedly preparing to begin interviewing candidates to potentially replace Powell later this year, adding further uncertainty to the Fed’s policy outlook.
How could Bitcoin price react to Trump’s criticism of Powell
Interest rates play a pivotal role in shaping capital flows toward risk assets like Bitcoin. Lower interest rates typically drive investors to seek higher returns in alternative markets, including crypto, making any shift in Fed policy direction a crucial signal for Bitcoin’s trajectory.
Bitcoin price action, April 17 2025, Source: Coingecko
If Trump successfully pressures the Fed into cutting rates sooner than anticipated, it could reinvigorate bullish momentum in Bitcoin and the broader crypto market.
Lower borrowing costs and increased liquidity may encourage institutional and retail investors to allocate more capital into digital assets, potentially driving Bitcoin toward fresh highs above the $90,000 level.
Such a move would also align with broader global easing trends, particularly if the ECB proceeds with further cuts.
On the other hand, if the ECB slashes rates while Powell opts for another pause, the divergence could create a temporary imbalance in capital flows.
This might strengthen the US dollar in the short term, applying downward pressure on Bitcoin and other dollar-denominated assets.
In this scenario, Bitcoin could face renewed volatility and range-bound trading, particularly if macroeconomic uncertainty persists around interest rates and inflation targets.
Bitcoin Price Forecast: BTC Faces Rejection Risks at $88,500 Resistance
Bitcoin price forecast shows a tentative bullish stance losing momentum as BTC consolidates below the $88,454 resistance, a level defined by the upper Donchian Channel band.
While BTC price remains above the midline near $81,456, this recent rejection signals waning bullish strength. The narrowing channel range between $88,454 and $74,458 highlights tightening market conditions, a precursor often to breakout or breakdown moves.
Bitcoin Price Forecast
The MACD histogram also shows fading bullish bars, while the MACD line, although above the signal line, flattens around 551—indicating momentum is stalling rather than strengthening. Should BTC lose $81,456, a move to test the lower channel support at $74,458 is likely, with further downside to $71,000 possible if selling intensifies.
However, a decisive daily close above $88,454 with strong MACD expansion could revive the bullish trend, targeting $92,000 short term. Until then, the bias leans bearish as momentum stalls and resistance caps further gains.
According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.
Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.
Crypto Industry Went All-In on Trump’s Inauguration
Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.
Crypto Donations For Trump’s Inauguration. Source: Fortune
Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.
The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.
Further Alleged Benefits for Donors
In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.
All three of these companies made major donations to Trump’s Inauguration.
It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.
Currently, the Bitcoin market stands at least 22.94% below the all-time peak, and is around 1.84% below the closing price of March 1. This month, the US share market has also experienced a decline of 6%. Experts blame the sharp drop in the global liquidity for the downtrend in the markets. However, reports suggest that the global liquidity has touched its bottom. Could Bitcoin see a reversal? Here is what you should know!
Why Experts Believe Bitcoin May Reverse Soon
Reports suggest that the global liquidity has bottomed. This indicates that the liquidity is likely to start increasing soon.
According to experts, there is a 80% correction between Bitcoin and global liquidity. A correlation of 80% is very high. This means that there is an 80% probability that the price of Bitcoin will go up if the global liquidity improves.
Global liquidity has bottomed.
The correlation between Bitcoin and global liquidity is 80%.
Here are the basic indicators that one should watch:
Resistance Level
Currently, the Bitcoin price stands at $84,185.01. Analysts points to resistance around $87K, $90K, $92,500, $94K, $95K and even $100K. When BTC breaks through these levels with strong trading volume, it suggests that buyers are overcoming selling pressure.
Bitcoin Exchanges’ Net Flow
When investors move their Bitcoin away from exchanges, it often suggests they are confident about the long term potential of the asset. Therefore, it is important to monitor the flow of Bitcoin onto and off cryptocurrency exchanges.
Source : Coinglass
According to Coinglass, the total exchange balance of BTC sits at 2,197,123.37. Its 24-hour change is +16629.17 and its 7-day change is -7184.75. Yesterday, the Bitcoin Wallet net flow was +3.81K BTC.
A golden cross, where a shorter-term moving average crosses above a longer-term one is often seen as a bullish signal. The SMA-50 of BTC remains at $88,254.66, and the SMA-200 of the asset stands at $86,180.45.
Source : Tradingview
BTC’s RSI remains at 46.57. If the RSI moves consistently above the neutral 50 level and heads towards overbought territory (above 70), it can indicate increasing buying momentum.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Bitcoin Price Forecast: Can a Global Liquidity Recovery Trigger a Bitcoin Rally? appeared first on Coinpedia Fintech News
Currently, the Bitcoin market stands at least 22.94% below the all-time peak, and is around 1.84% below the closing price of March 1. This month, the US share market has also experienced a decline of 6%. Experts blame the sharp drop in the global liquidity for the downtrend in the markets. However, reports suggest that …
