Slashvi ·
☀️ Daily Crypto Recap - April 17, 2025 💰
BTC Price: Oscillating around $84,500.
What Happened Today?
1. Powell’s Stagflation Fears Make Bitcoin Less Appealing Than Gold 📉
Jerome Powell’s warnings on stagflation risks led to a preference for gold over BTC, contributing to a $1.5T US stock market drop. This macro concern is pressuring Bitcoin’s price downward.
📖 Source: CoinDesk
2. BlackRock Buys $30.8M Worth of Bitcoin 📈
BlackRock purchased an additional $30.8M in Bitcoin, signaling strong institutional confidence in BTC’s long-term value. This move could bolster market sentiment.
📖 Source: Crypto Rover
3. Binance Advises Countries on National Bitcoin Reserves 🌍
Binance is consulting with countries on creating strategic Bitcoin reserves, highlighting growing governmental acceptance. This could drive further global adoption of BTC.
📖 Source: Bitcoin Magazine
4. China’s Money Supply Growth Could Boost Crypto Markets 💸
China’s M2 money supply rose to 326.131T CNY, up 1.75%, potentially increasing liquidity for crypto markets. This could support price growth for Bitcoin and other assets.
📖 Source: Crypto Rover
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