Bitcoin Holds $84.6K — Trump & Kraken Steal the Show

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Arslan Butt

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Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

April 17, 2025

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Bitcoin steadied near $84,595 on Thursday, posting a modest 0.23% gain. Despite the quiet session, BTC continues to consolidate within a tight $82,000–$87,000 range, reflecting cautious sentiment. Traders appear hesitant, awaiting a macro or crypto-specific catalyst to fuel the next directional move.

Momentum has cooled, but bulls are defending key levels. A confirmed breakout above $85,500 could open the door to a fresh rally.

Key Levels to Watch:

• Support: $83,879
• Resistance: $85,508
• Targets: $86,446 and $87,416

A confirmed close above $85,500 could open the door to a fresh rally, but until then, sideways action may dominate.

Trump Criticizes Fed Chair Powell for Delay in Rate Cuts

President Donald Trump ramped up pressure on Federal Reserve Chair Jerome Powell, criticizing him for being “too late” on interest rate cuts. Posting on Truth Social after the European Central Bank lowered rates, Trump claimed Powell’s “termination cannot come fast enough,” despite lacking legal grounds to remove him.

Powell, unfazed, reaffirmed the Fed’s independence and confirmed his intention to serve out his term through 2026.

This political tension has rattled markets. While Fed funds futures price in a 65% chance of a rate cut by June, May remains unlikely at just 10%. Any signs of easing could improve liquidity and risk appetite—typically a bullish setup for Bitcoin.

Kraken Diversifies with Stocks as Silbert Reflects on BTC Miss

Crypto exchange Kraken is expanding beyond digital assets, offering commission-free trading on over 11,000 U.S. stocks and ETFs. The move follows Kraken’s $1.5 billion acquisition of NinjaTrader and signals a strategic shift toward becoming a full-spectrum financial platform.

Meanwhile, Barry Silbert, CEO of Digital Currency Group, admitted he would’ve earned more just holding Bitcoin than investing in crypto startups like Coinbase. Buying BTC at $7–$8 in 2011, he now regrets allocating it toward underperforming companies, saying most crypto tokens are “worthless.”

Institutional sentiment, however, is growing. Michael Saylor and members of Trump’s Crypto Council foresee BTC hitting $1 million, with talk of the U.S. buying Bitcoin via trade surpluses or gold revaluation. VanEck even claims BTC-backed bonds could trim $14 trillion off U.S. debt.

Bottom Line: A Calm Market Hiding Growing Tension

Bitcoin’s current price stability may be deceptive. With Fed policy under political fire, Kraken bridging into traditional finance, and Bitcoin’s institutional narrative gaining strength, the stage is set for volatility to return. Traders would be wise to stay alert—because this quiet phase could give way to a major move.

BTC Bull Token Presale Tops $4.76M as Bitcoin Hovers Near $85K

As Bitcoin edges closer to the $85,000 mark and macro uncertainty intensifies, BTC Bull Token ($BTCBULL) continues to gain traction with retail and crypto-savvy investors. This Ethereum-based meme coin stands out by offering real Bitcoin airdrops every time BTC hits key price milestones—aligning directly with Bitcoin’s long-term upside.

Earn Bitcoin with 86% APY Through Staking

Beyond the airdrop rewards, BTC Bull’s staking program remains a major draw. Investors can earn up to 86% APY in passive income, while also contributing to the token’s network strength. The ability to unstake anytime makes it flexible for new and seasoned holders alike.

Staking Snapshot:

• Annual Yield: 86% APY
• Total Staked: 1,222,531,969 BTCBULL
• Unstake Anytime: Yes

With over 1.22 billion tokens already staked, momentum continues to build ahead of the next price milestone.

Presale Nears Final Stretch as Demand Surges

The presale is now approaching full subscription, with $4,769,780.40 raised out of the $5,466,194 target. The current token price remains at $0.002465, but with limited supply left and rising demand, a price hike could be imminent.

Latest Presale Stats:

• Token Price: $0.002465
• Raised So Far: $4.76M of $5.47M

This window may be one of the last chances to secure BTCBULL before the next pricing tier kicks in. With its high-yield staking, real BTC rewards, and growing ecosystem engagement, BTC Bull is emerging as a top contender in the meme coin space—backed by actual Bitcoin utility.

With limited time remaining and demand accelerating, this is a key window to secure BTCBULL at presale rates before the next price jump.