From Yahoo Finance: 2025-04-17 16:37:00

Bitcoin was just below $85,000 as tensions between Trump and Powell added uncertainty. Markets dipped after Powell’s hawkish comments on tariffs causing stagflation. Trump has been discussing firing Powell, sparking market concerns. Odds on Polymarket of Trump removing Powell rose. ECB cut key interest rates amid deteriorating growth outlook.

Philadelphia Fed index showed a nosedive in activity and rising prices. S&P 500 and Nasdaq traded mostly flat. BTC and ETH were up 0.8% in the past 24 hours. Traders seeking bullish bets on BTC. Calls at 90k to $100k strikes expiring in May and June are in demand. Selling put options fund some bullish bets.

Interest in buying put options at $80k for potential price declines. VIX remains above its 50-day average, signaling ongoing market volatility. VIX warns of unfolding macroeconomic situation.

Read more: Bitcoin in Standstill at $85K as Trump Increases Pressure on Fed’s Powell