On April 17, 2025, Bitcoin (BTC) appears to be losing its appeal as a safe-haven asset amid growing economic concerns, particularly after U.S. President Donald Trump's recent tariffs announcement. Federal Reserve Chairman Jerome Powell indicated a rising unemployment rate and an inflation outlook worsened by tariff impacts, contributing to a decline in risk assets, including cryptocurrencies. Although Bitcoin saw a modest 1% rise in the past 24 hours, institutional interest has shifted towards gold, recognized for its stability in turbulent times; gold prices have surged by 11% over the last month and captured the attention of fund managers. CoinDesk's indices reflect a broader market increase despite the challenging backdrop for digital currencies. Upcoming crypto events include the activation of EigenLayer on Ethereum and a meeting on Coinbase’s XRP futures. The article also notes various macroeconomic data releases and company earnings expected soon, illustrating the interplay between macroeconomic developments and cryptocurrency markets.

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