Bitcoin bounces: Powell Trump’s threats began to be encrypted

Tldr

• Bitcoin’s investment funds have witnessed $ 15.85 million in net flows, and a series of flow has broken two weeks.
• Trump threatened to shoot the Federal Reserve Chairman Powell after his comments on definitions and inflation
• Bitcoin has increased to more than 8,7600 dollars, an increase of 16 % since April 9
• Ethereum ETFS continued in the conflict with $ 32.17 million in external flows
• Powell stressed that he cannot be expelled and that Federal Reserve Independence is protected

Bitcoin ETF flows turn into positive in the midst of the Federal Reserve Chair controversy

Bitcoin’s investment funds in the United States recorded positive weekly flows for the first time in three weeks, as Bitcoin rose to $ 85,000. The rise comes with the escalation of tensions between President Donald Trump and Federal Reserve Chairman Jerome Powell on monetary policy and definitions.

Data From Sosovalue shows that 12 points of investment funds circulated in Bitcoin brought $ 15.85 million in net flow last week. This ends with a series of external flows, which witnessed $ 886 million on money.

The daily flow pattern was mixed. Monday witnessed modest flows of $ 1.47 million, followed by power of 76.42 million dollars on Tuesday. Wednesday represents a sharp reflection of $ 169.87 million in external flows, but the feeling of improvement again on Thursday with a flow of $ 107.83 million.

IBIT of Blackrock led the flow of $ 186.5 million, while Bitb Bitb has attracted $ 23.8 million, according to Farside data. Several investment funds traded in the field of central investment funds, including Grayscale’s Mini BTC TRUST, Investco’s BTCO, EZBC’s Ezbc, and VNECK’s HODL, have a total of $ 26.3 million in flows.

However, not all funds have seen positive flows. FBTC of Fetlity has seen $ 174.9 million out of flows, and ARK’s ARKB lost 99.8 million dollars, which compensates for many of the week’s gains.

Trump Boyle’s tension pushes the fluctuation of the market

Market disturbances have been largely operated due to the escalating conflict between President Trump and the President of the Federal Reserve Powell. On April 16, Powell spoke in the Chicago warning that Trump’s tariff measures on the main commercial partners could increase inflation and damage to employment.

This speech seemed to raise significant flows on Wednesday from Bitcoin’s investment funds. The situation turned dramatically on Thursday after Trump announced that “Powell ending cannot come quickly” in a social media post.

Reports also appeared that Trump might replace Powell with Kevin Wrash, former Federal Reserve official with opinions in support of crystals. This news helped pay Bitcoin’s recovery in the last part of the week.

Trump appointed Powell in 2017, but he often criticized his interest rate decisions. The last president’s threat raises questions about the independence of the federal reserve, which was the cornerstone of American monetary policy.

Independence fears feed

Chicago Austan Golsby, head of the Federal Reserve, has expressed concern about the potential impact of Powell’s removal. “I hope we will not move ourselves to an environment in which criticism is independent.”

Goodsbee warned that undermining the independence of the Federal Reserve will destroy the Central Bank’s credibility. He pointed out that there is a “virtual consensus” among economists that central banks must work independently of political intervention.

Powell stated that he would not resign if he asked for the president. “In general, the independence of the federal reserve is widely and supported in Washington, in Congress, where it really matters,” Powell said at the Chicago Economic Club.

Legal experts discuss whether Trump has the power to remove Powell. The precedent of the Supreme Court from the Roosevelt era indicates that the president cannot remove the heads of independent agencies without a reason such as neglect or violations.

Some financial experts warn that independence feeding may be more than a fixed law. “The laws also depend on people and those who are, how they explain things, and what they want to do,” Etay Goldstein, head of the Finance Department at the Warton School at the University of Pennsylvania.

Bitcoin has recovered since the outbreak of the news and reached more than 8,7600 dollars early on Monday, its highest level since Trump announced the “liberation day” tariff. The cryptocurrency has gained more than 16 % since its bottom near $ 75,000 on April 9.

Bitcoin is equivalent to the last gold performance. Both assets benefit from the weakness of the US dollar and the growing economic uncertainty. The US dollar index decreased by 10 % this year amid the escalation of global trade tensions.

GEIGER CAPITAL analysts suggested on April 21 that Bitcoin might begin to “separate” traditional markets. They have identified the fall of the falling spoiler, which often indicates continuous gains.

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– The dollar is down
– The new gold is eth
Bitcoin

We realize where we are. pic.twitter.com/xqrlehj39

Geiger Capital (Geiger_Capital) April 21, 2025

Meanwhile, Ethereum ETFS continues to conflict with $ 32.17 million in external flows last week. This represents the eighth consecutive week of losses, with nearly $ 910 million of this money so far.