On April 17, 2025, Bitcoin (BTC) experienced a 2% price increase, reaching nearly $84,500, amid a recovering crypto market following a sell-off. Solana (SOL) outperformed with a significant 6% jump, while other cryptocurrencies like Ether (ETH), XRP, and BNB saw gains of 1%-3%. The recent price movements were influenced by comments from Fed Chair Jerome Powell, who indicated that early rate cuts are not imminent, dampening traders' hopes. Powell's remarks focused on the need to evaluate the impact of U.S. tariffs on the global economy, which could lead to stagflation—a combination of stagnant growth and inflation. Analysts expect Bitcoin to remain in the $80,000 - $90,000 range until there is more clarity on tariff negotiations and economic indicators. In the altcoin market, SOL showed a notable volatility, and XRP is experiencing a consolidation phase after dramatic price swings, signaling caution among traders. Ethereum also faced bearish trends, with key resistance levels forming as prices fluctuated.

Source 🔗