{"id":22069,"date":"2025-04-14T20:31:47","date_gmt":"2025-04-14T20:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22069"},"modified":"2025-04-14T20:31:47","modified_gmt":"2025-04-14T20:31:47","slug":"bitcoin-hovers-at-85k-as-feds-waller-suggests-bad-news-rate-cuts-if-tariffs-resume","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22069","title":{"rendered":"Bitcoin Hovers at $85K as Fed\u2019s Waller Suggests ‘Bad News’ Rate Cuts if Tariffs Resume"},"content":{"rendered":"
\n

Bitcoin (BTC) drifted ever so gently upwards Monday as the broader market adjusts favorably to trade-related news.<\/p>\n<\/p>\n

The largest cryptocurrency was up 1.6% in the last 24 hours and is now trading just shy of $85,000. Ether (ETH), meanwhile, rose 2.7% in the same period of time to $1,630. The broad-market CoinDesk 20 Index \u2014 consisted of the top 20 cryptocurrencies by market capitalization except for stablecoins, memecoins and exchange coins \u2014 advanced 1.2%, led by gains in SOL and AVAX.<\/p>\n<\/p>\n

After a couple of wild weeks, the stock market also edged higher today, the Nasdaq closing with a 0.6% gain and the S&P 500 rising 0.8%. Strategy (MSTR) and MARA Holdings (MARA), led among crypto stocks with roughly 3% gains.<\/p>\n<\/p>\n

The modest rally came as Federal Reserve Governor Christopher Waller signalling that a return of the original punitive Trump tariffs would trigger the need for sizable “bad news” rate cuts.<\/p>\n<\/p>\n

“[Tariff] effects on output and employment could be longer-lasting and an important factor in determining the appropriate stance of monetary policy,” said Waller in a speech<\/a>. “If the slowdown is significant and even threatens a recession, then I would expect to favor cutting the FOMC’s policy rate sooner, and to a greater extent than I had previously thought.”<\/p>\n<\/p>\n

Further easing concerns was the European Commission, the executive arm of the EU, confirming<\/a> to hold off on retaliatory tariffs on U.S. goods worth \u20ac21 billion until July 14 to “allow space for negotiations.”<\/p>\n<\/p>\n

Odds that the U.S. and EU will reach a trade agreement to avoid tariffs rose to 65% on blockchain-based prediction market Polymarket<\/a> after U.S. President Donald Trump reportedly stated that a deal was in the works.<\/p>\n

Bitcoin fundamentals recovering<\/h3>\n<\/p>\n

Bitcoin’s relief rally from last week’s tariff turmoil stalled out around the $85,000 resistance level<\/a>, but the network’s improving fundamentals spur hopes for a breakout, crypto analytics firm SwissBlock Technologies noted.<\/p>\n

“Since March, we\u2019ve seen a consistent inflow of new participants,” Swissblock analysts wrote in a Telegram broadcast. “Liquidity is stabilizing, no more erratic swings from early 2025.”<\/p>\n<\/p>\n

\"\"<\/p>\n

“Once the liquidity gauge holds above the 50 line, short-term price action tends to follow with strength,” Swissblock analysts said. “With network growth aligning, key levels aren\u2019t just being revisited, they’re being accumulated.”<\/p>\n<\/p>\n

“This is the kind of structural support that underpins sustainable rallies,” they concluded.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) drifted ever so gently upwards Monday as the broader market adjusts favorably to trade-related news. The largest cryptocurrency was up 1.6% in the last 24 hours and is now trading just shy of $85,000. Ether (ETH), meanwhile, rose 2.7% in the same period of time to $1,630. The broad-market CoinDesk 20 Index \u2014 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22069","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22069"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22069\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}