Crypto Daybook Americas: Market Response to Trump’s Fed Criticism Minimal

On April 18, 2025, the Crypto Daybook Americas highlights a limited market response to President Trump’s criticism of Federal Reserve Chair Powell. Bitcoin’s price barely moved, reflecting broader caution in the markets. Key upcoming events include Pepecoin’s halving and the introduction of XRP futures. Investors are encouraged to watch for changes in central bank policies amidst ongoing economic uncertainty.

The Crypto Daybook Americas provides a concise update on the cryptocurrency markets as of April 18, 2025, amidst a subdued trading environment due to the Easter holiday. The CoinDesk 20 Index shows minimal changes, with Bitcoin (BTC) fluctuating slightly by 0.1%. This stability reflects a broader market reaction to President Trump’s recent criticisms of Federal Reserve Chair Jerome Powell regarding interest rate policy, which has led to increased investor caution.

Trump’s statements on his social media platform, Truth Social, criticising Powell’s delay in reducing interest rates, have not prompted the expected market reaction. Despite these political tensions, Bitcoin’s performance has not improved significantly, and traditional gold continues to be viewed as a preferred hedge against inflation amidst economic uncertainty. Notably, gold has outperformed the S&P 500 over the past two decades.

Market analysts, including Ira Auerbach from Offchain Labs, suggest that Trump’s push for reduced interest rates could re-establish Bitcoin’s role as an effective hedge. However, regulatory improvements under the Trump administration could lead to sector adaptation in the long run, with increased institutional interest in cryptocurrencies.

Upcoming notable events in the crypto space include Pepecoin’s halving on April 18, the opBNB mainnet hardfork on April 20, and the anticipated approval of XRP futures by Coinbase Derivatives on April 21. Market watchers are advised to monitor central bank actions closely in the coming months.

In terms of market movements, Bitcoin price stands at $84,550. Other significant cryptocurrencies show minimal activity, with Ethereum (ETH) at approximately $1,587.85. The trading volumes and recent transactions indicate a rise in activity, particularly with new lending and token launch initiatives set to happen soon. Investors are advised to remain vigilant as market conditions may shift rapidly following geopolitical developments.