Bitcoin (BTC) remained stable near $84,595 on Thursday, marking a modest gain of 0.23%. Despite the calm session, Bitcoin continues to consolidate within a narrow $82,000–$87,000 range, reflecting cautious sentiment from traders. Market participants appear hesitant, awaiting a macroeconomic or cryptocurrency-specific catalyst to drive the next major move in the market.
While momentum has slowed, bulls are defending key support levels. A confirmed breakout above $85,500 could potentially signal the start of a fresh rally. Below are the key levels to monitor:
Key Levels for Bitcoin:
- Support: $83,879
- Resistance: $85,508
- Targets: $86,446 and $87,416
A confirmed close above $85,500 could pave the way for an upward movement, but until then, the market may continue to trade sideways.
Trump Criticizes Fed Chair Jerome Powell Over Delay in Rate Cuts
In a new political development, former President Donald Trump criticized Federal Reserve Chair Jerome Powell for delays in implementing interest rate cuts. Trump voiced his discontent on Truth Social, claiming Powell’s actions were “too late,” and expressed frustration with Powell’s tenure at the Fed, despite lacking legal grounds to dismiss him.
Following the European Central Bank’s rate cut announcement, Trump insisted that Powell’s “termination cannot come fast enough.” In response, Powell reaffirmed the Federal Reserve’s independence and emphasized that he plans to serve out his term, which extends until 2026.
This political tension has unsettled financial markets. Currently, Fed funds futures are pricing in a 65% chance of a rate cut by June, with the probability of a May cut remaining low at just 10%. Any sign of easing could improve liquidity and risk appetite, which would typically be bullish for Bitcoin.
Kraken Expands Beyond Crypto with Commission-Free Stocks Trading
Crypto exchange Kraken is expanding its services, now offering commission-free trading on more than 11,000 U.S. stocks and ETFs. This move comes after Kraken’s $1.5 billion acquisition of NinjaTrader, signaling a strategic pivot towards becoming a full-spectrum financial platform. The diversification into traditional finance could make Kraken more resilient and accessible to a broader range of investors.
Meanwhile, Barry Silbert, CEO of Digital Currency Group, acknowledged that holding Bitcoin would have been more profitable than investing in various crypto startups, including companies like Coinbase. Silbert, who bought Bitcoin at $7–$8 in 2011, now regrets investing in underperforming companies and says that many crypto tokens are “worthless.”
Despite these sentiments, institutional interest in Bitcoin is growing. Both Michael Saylor and members of Trump’s Crypto Council believe that Bitcoin could hit $1 million. There are even discussions about the U.S. potentially acquiring Bitcoin through trade surpluses or a revaluation of gold. VanEck has also suggested that Bitcoin-backed bonds could potentially reduce the U.S. debt by $14 trillion.
Bitcoin’s Calm Market Might Be Deceptive: Volatility Ahead?
While Bitcoin’s current price stability could suggest a calm market, it may be misleading. With the ongoing political pressure on the Fed, Kraken’s expansion into traditional finance, and growing institutional support for Bitcoin, the stage is set for potential volatility. Traders should stay alert, as this quiet phase could soon lead to a significant market move.
BTC Bull Token Presale Tops $4.76 Million as Bitcoin Holds Near $85K
As Bitcoin hovers near $85,000, retail and experienced crypto investors are turning their attention to the BTC Bull Token ($BTCBULL). This Ethereum-based meme coin stands out by offering real Bitcoin airdrops every time Bitcoin hits significant price milestones, directly aligning with the long-term upside potential of Bitcoin.
BTC Bull also offers an attractive staking program, where investors can earn up to 86% APY in passive income while supporting the token’s network. The program’s flexibility allows participants to unstake at any time, making it appealing to both new and experienced holders alike.
Staking Snapshot:
- Annual Yield: 86% APY
- Total Staked: 1,222,531,969 BTCBULL
- Unstake Anytime: Yes
With over 1.22 billion tokens staked, momentum continues to build as the next price milestone approaches.
Presale Approaching Full Subscription: Final Chance to Secure BTCBULL at Discounted Price
BTC Bull Token’s presale is nearing its final stretch, with $4.76 million raised out of the $5.47 million target. The current token price is set at $0.002465, but with limited supply left and growing demand, a price hike is imminent.
Latest Presale Stats:
- Token Price: $0.002465
- Amount Raised: $4.76M of $5.47M
This could be one of the last chances to secure BTCBULL at the presale price before the next price tier is activated. With its high-yield staking, real Bitcoin rewards, and a growing community, BTC Bull is quickly emerging as a top contender in the meme coin market.
