Crypto Daybook Americas: Bitcoin Breakout Lifts AI, Memecoins, Underscores Hedge Value
By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin's censorship-resistant, decentralized setup empowers individuals by facilitating peer-to-peer transactions without government interference or corporate control.You’ve probably heard that from a Bitcoin maxi many times.It's an idea that resonates even more strongly today in light of reports that President Donald Trump is exploring ways to remove Jerome Powell, the chair of the Federal Reserve, which is the world's most powerful central bank.National Economic Council Director Kevin Hassett talked about Trump's intentions Friday and markets responded early Monday by selling the dollar and the U.S. stock futures. The Dollar Index, which tracks the currency's exchange rate against major fiat currencies, slipped to a three-year low of 98.00 while gold touched new highs above $3,400 per ounce.Bitcoin rose past $87,000, confirming a bullish breakout from its recent sideways trading between $83,000 and $86,000 to suggest more gains ahead.
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Source: www.coindesk.com
Published: April 21, 2025
