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Bitcoin is so back (again, maybe) 📈

Bitcoin is so back (again, maybe) 📈

Stocks are falling Monday following Trump's latest attack on Fed Chair Jerome Powell, but Bitcoin and other coins are in the green.

Andrew Hayward
April 21, 2025

📝 What you need to know

Are we back?

Let’s not get ahead of ourselves—but with Bitcoin rising above $88,000 for the first time in nearly a month and most other major coins in the green on Monday, there’s reason for optimism after an early-month dive and a choppy stretch since recovering.

And interestingly, Bitcoin isn’t following the lead of stocks, as the major indices are down at least 3% each. Traders may be feeling a fresh wave of uncertainty as President Trump ratcheted up his attacks on Jerome Powell on Monday, calling the Federal Reserve chair a “major loser” in a social media post.

Amid the chaos, the price of gold surged to yet another all-time high on Monday. Bitcoin remains about 20% off its own peak from January.

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💬 Quote of the Day

❝

“I fully intend to win this case in the courtroom. I think it’s grotesque that the most compliant crypto company in the U.S. remains the only one being persecuted by the SEC.”

Unicoin co-founder Alex Konanykhin on why the firm refused to settle with the SEC

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