On April 17, 2025, Bitcoin (BTC) was trading at approximately $85,000 as market tensions escalated following comments from U.S. President Donald Trump regarding Federal Reserve Chairman Jerome Powell. Trump has been rumored to be considering ousting Powell, raising concerns over market stability and the independence of the Fed. Powell's hawkish remarks criticized Trump's tariffs for potentially leading the U.S. economy toward stagflation, characterized by slowing growth alongside rising prices. In the meantime, Bitcoin options traders appear bullish, betting on a rise to $90,000 or $100,000 while simultaneously seeking protection against possible declines. The recent Philadelphia Fed manufacturing index showed a significant drop, further amplifying fears of economic stagnation. Most cryptocurrencies in the CoinDesk 20 Index showed gains as traders balanced bullish optimism with caution amidst ongoing market uncertainty.

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