Bitcoin (BTC) Price in Standstill at $85K as Trump Increases Pressure on Fed’s Powell

Bitcoin (BTC) was trading just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors. The markets dipped on Wednesday following hawkish comments from Powell, who criticized Trump’s tariffs policy, warning that it could lead to a slowing economy and rising prices, a phenomenon known as “stagflation.” Powell emphasized that his focus would be on prices, hinting at a tighter Fed policy than previously anticipated.

President Trump, who has been at odds with Powell since his first term in office, has reportedly been discussing firing Powell for months. However, Powell, who is set to remain as Fed chair until May 2026, has expressed his intention to serve out his term and has stated that the president does not have the authority to dismiss him. Former Fed Governor Kevin Warsh is said to be waiting in the wings as Powell’s replacement, although he has advised against removing Powell, fearing it could disrupt the already fragile U.S. markets.

The likelihood of Trump removing Powell this year rose to 19% on the blockchain-based prediction market Polymarket, the highest reading since the contract’s launch in late January. These developments come on the heels of the European Central Bank cutting key interest rates for the seventh consecutive time, citing a deteriorating growth outlook.

Further pressure on the markets came from the latest Philadelphia Fed manufacturing index, which showed a significant decline in activity this month, hitting its lowest level in two years. The prices paid index also rose to its highest reading since July 2022, fueling concerns about the impact of the Trump administration’s tariff policies on the U.S. economy.

Despite these challenges, the S&P 500 and Nasdaq stock indexes traded mostly flat on Thursday. In the crypto market, Bitcoin and Ethereum were up 0.8% over the past 24 hours, with most assets in the CoinDesk 20 Index registering gains, led by bitcoin cash (BCH), NEAR, and AAVE.

Amidst the heightened uncertainty on Wall Street, Bitcoin traders have been positioning themselves cautiously. Traders on Deribit have been actively buying calls at the $90k to $100k strikes expiring in May and June, signaling expectations for a continued price rally. Some of these bullish bets have been funded by selling put options, while there has also been renewed interest in buying put options at $80k expiring this month as a hedge against potential price declines.

The VIX, Wall Street’s fear gauge measuring implied volatility, remains elevated above its 50-day average, indicating ongoing uncertainty and potential market volatility. The VIX suggests that the macroeconomic situation is still unfolding, and traders are preparing for all possible outcomes.

Overall, the market remains in a state of flux as investors navigate the uncertainties stemming from the ongoing tensions between the U.S. administration and the Federal Reserve, as well as broader economic challenges both domestically and globally. Bitcoin traders are treading carefully, balancing bullish bets with downside protection as they navigate the choppy waters of the financial markets. Bullish Group, majority owned by Block.one, is a leading entity in the blockchain and digital asset industry. With significant holdings in various blockchain businesses and digital assets, including bitcoin, Bullish Group is positioned as a key player in the market.

CoinDesk, an independent subsidiary of Bullish Group, operates with a focus on journalistic integrity. To ensure this, an editorial committee has been formed, chaired by a former editor-in-chief of The Wall Street Journal. This committee will oversee the content produced by CoinDesk, maintaining high standards of reporting and objectivity.

In the rapidly evolving world of cryptocurrency and blockchain technology, Bullish Group and Block.one are at the forefront of innovation and investment. Their strategic partnerships and diverse interests in the industry make them influential players in shaping the future of digital assets.

As the market continues to grow and evolve, Bullish Group remains committed to staying ahead of the curve and providing valuable insights and opportunities for investors and enthusiasts. With a strong focus on transparency and credibility, Bullish Group and its subsidiaries are poised to make a significant impact on the digital asset landscape. Could’ve sworn the page was around here somewhere…

As you navigate through the vast expanse of the internet, there are bound to be moments where you find yourself lost in the digital labyrinth. You click on a link, expecting to be taken to a specific page, only to be met with a 404 error – the dreaded “Page Not Found” message.

You may have thought to yourself, “Could’ve sworn the page was around here somewhere…” as you frantically search for clues to locate the missing content. Perhaps you mistyped the URL, or maybe the page has been moved or deleted. Regardless of the reason, encountering a 404 error can be a frustrating experience.

In the digital age, where information is at our fingertips, we have come to expect instant access to any content we desire. When that access is suddenly cut off by a 404 error, it can feel like hitting a dead end in a maze with no way out.

But fear not, for there is always a way to find your way back to the digital path you were on. You can start by retracing your steps, checking the URL for typos, or searching for keywords related to the missing page. Sometimes, a simple refresh of the page or clearing your browser cache can do the trick.

If all else fails, you can always return to the homepage and start anew. The homepage serves as a gateway to the vast landscape of the website, offering a fresh start and a chance to explore new content. It’s a familiar place where you can regroup, reassess your digital journey, and set off in a new direction.

So, the next time you encounter a 404 error and find yourself muttering, “Could’ve sworn the page was around here somewhere…” remember that it’s just a minor setback in the grand scheme of the digital universe. With a little perseverance and a willingness to explore, you’ll soon find your way back to the information you seek. The rise of artificial intelligence (AI) has been one of the most significant technological advancements of the 21st century. From self-driving cars to virtual assistants, AI has become an integral part of our daily lives. But what exactly is AI, and how does it work?

At its core, AI is the simulation of human intelligence processes by machines, such as learning, reasoning, problem-solving, perception, and language understanding. This is achieved through the use of algorithms that allow machines to analyze data, recognize patterns, and make decisions based on that information.

There are three main types of AI: narrow AI, general AI, and superintelligent AI. Narrow AI, also known as weak AI, is designed to perform specific tasks, such as speech recognition or playing chess. General AI, on the other hand, is a more advanced form of AI that can perform any intellectual task that a human can do. Superintelligent AI, the most advanced form of AI, surpasses human intelligence in every aspect.

AI works by using algorithms to process large amounts of data and learn from it. This process is known as machine learning, which involves training a machine to recognize patterns and make decisions based on that information. There are three main types of machine learning: supervised learning, unsupervised learning, and reinforcement learning.

In supervised learning, the machine is trained on labeled data, meaning that the input and output are known. The machine learns to make predictions based on this data. In unsupervised learning, the machine is trained on unlabeled data, meaning that only the input is known. The machine learns to find patterns and relationships in the data. In reinforcement learning, the machine learns to make decisions by trial and error, receiving feedback on its actions.

One of the most common applications of AI is in the field of natural language processing (NLP), which involves teaching machines to understand and generate human language. This technology is used in virtual assistants like Siri and Alexa, as well as in chatbots and translation services.

AI is also being used in healthcare to improve diagnosis and treatment. Machine learning algorithms can analyze medical images, such as X-rays and MRIs, to detect diseases like cancer. AI-powered robots are also being used in surgery to assist surgeons and improve outcomes.

In conclusion, AI is a powerful technology that is revolutionizing the way we live and work. From self-driving cars to healthcare applications, AI is transforming industries and improving our quality of life. As AI continues to evolve, we can expect even more exciting developments in the future. Title: The Impact of Social Media on Mental Health

In today’s digital age, social media has become an integral part of our daily lives. With platforms like Facebook, Instagram, Twitter, and Snapchat, we are constantly connected to the world and each other. While social media has its benefits, such as keeping us informed, entertained, and connected with friends and family, there is also a dark side to it that often goes unnoticed – its impact on mental health.

The constant exposure to curated and often unrealistic portrayals of people’s lives on social media can lead to feelings of inadequacy, jealousy, and low self-esteem. People tend to compare themselves to others, especially when it comes to physical appearance, accomplishments, and lifestyle. This can create a sense of FOMO (fear of missing out) and a constant need to portray a perfect life online, even if it’s not reflective of reality.

Moreover, social media can also be a breeding ground for cyberbullying, trolling, and harassment. The anonymity that comes with online interactions can embolden individuals to say hurtful and harmful things to others. This can have a detrimental effect on one’s mental well-being, leading to feelings of depression, anxiety, and even suicidal thoughts.

The addictive nature of social media can also take a toll on mental health. The constant need for validation in the form of likes, comments, and shares can lead to a cycle of seeking approval from others. This can result in feelings of loneliness, isolation, and a lack of genuine connection with others in real life.

Furthermore, the curated nature of social media can create a distorted perception of reality. People often only share the highlight reel of their lives, leading others to believe that everyone else is living a perfect life except for them. This can create a sense of disconnection from reality and a skewed view of what true happiness and fulfillment look like.

To combat the negative impact of social media on mental health, it is important to practice mindfulness and set boundaries with our online use. Taking breaks from social media, limiting screen time, and being mindful of the content we consume can help protect our mental well-being. It is also important to seek support from loved ones, therapists, or support groups if social media is negatively affecting our mental health.

In conclusion, while social media has many benefits, it is important to be aware of its potential negative impact on mental health. By being mindful of our online habits and taking steps to protect our mental well-being, we can navigate the digital world in a healthier and more balanced way. Remember, it’s okay to unplug, take a break, and prioritize our mental health above all else. The world of technology is constantly evolving, with new innovations and advancements being introduced every day. One of the most exciting developments in recent years is artificial intelligence (AI), which has the potential to revolutionize how we live and work.

AI is the simulation of human intelligence processes by machines, particularly computer systems. This includes learning, reasoning, problem-solving, perception, and language understanding. AI has already been integrated into many aspects of our daily lives, from virtual assistants like Siri and Alexa to self-driving cars and recommendation systems on streaming platforms.

But AI is capable of much more than just simple tasks. It has the potential to transform industries such as healthcare, finance, and manufacturing by streamlining processes, improving efficiency, and reducing costs. In healthcare, AI can be used to analyze medical images, predict patient outcomes, and even assist in surgery. In finance, AI can help detect fraud, automate trading, and personalize financial advice. In manufacturing, AI can optimize supply chains, predict equipment failures, and improve product quality.

However, as with any new technology, there are also concerns about the ethical implications of AI. There is a fear that AI could lead to job losses as machines replace human workers in various industries. There are also concerns about privacy and data security, as AI systems require vast amounts of data to learn and improve their performance.

Despite these challenges, the potential benefits of AI are too great to ignore. Governments, businesses, and researchers are investing heavily in AI research and development to unlock its full potential. It is crucial that we continue to monitor and regulate the use of AI to ensure that it is used ethically and responsibly.

As AI continues to advance, it is clear that it will play a significant role in shaping the future of our society. Whether it is revolutionizing healthcare, transforming finance, or improving manufacturing, AI has the power to change the way we live and work for the better. It is an exciting time to be a part of the technological revolution, and we can only imagine what the future holds for artificial intelligence. The world of technology is constantly evolving, with new innovations and advancements being made every day. One of the most exciting developments in recent years has been the rise of artificial intelligence (AI) and its potential to revolutionize industries across the globe.

AI is a branch of computer science that aims to create intelligent machines that can perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation. These machines are able to learn from data, adapt to new inputs, and perform tasks with a high degree of accuracy.

One of the key areas where AI is making a significant impact is in the field of healthcare. AI has the potential to transform the way medical professionals diagnose and treat patients, leading to more accurate and timely diagnoses, personalized treatment plans, and improved patient outcomes.

For example, AI-powered medical imaging systems are being used to analyze medical images such as X-rays, MRIs, and CT scans with greater accuracy and efficiency than human radiologists. These systems can help detect early signs of diseases such as cancer, identify abnormalities in medical images, and assist in treatment planning.

AI is also being used in drug discovery and development, where it can help researchers identify potential drug candidates, predict how drugs will interact with the body, and optimize drug dosages. This has the potential to speed up the drug development process and bring new treatments to market more quickly.

In addition to healthcare, AI is also being used in a wide range of other industries, from finance and retail to transportation and manufacturing. For example, AI-powered chatbots are being used to provide customer support and assistance, while AI algorithms are being used to analyze financial data and make investment decisions.

Despite its many benefits, AI also raises ethical and societal challenges that must be addressed. These include concerns about privacy and data security, the potential for job displacement as AI automates routine tasks, and the need to ensure that AI systems are transparent, fair, and unbiased.

Overall, the rise of artificial intelligence represents a major technological breakthrough with the potential to transform industries and improve the lives of people around the world. By harnessing the power of AI in a responsible and ethical manner, we can unlock its full potential and create a brighter future for all.