Bitcoin Maintains Position Over $84,000: What Do These 2 BTCUSDT Indicators Indicate About Crypto market Sentiment?
The price of BTC remains stable, staying above $84,000 as President Trump criticizes the Federal Reserve. While there is a strong sense of optimism, traders are advising caution, paying attention to two significant onchain metrics. The growth of stablecoins is decelerating, indicating a lack of new capital entering the crypto asset trading market. Additionally, the BTC Realized Cap has reached an unprecedented high but is growing at a relatively slow rate.
Cryptocurrency values are maintaining stability, above the $2.7 trillion threshold, as investors keep a close eye on BTC. Currently, BTC is securely positioned above $84,000, countering all attempts by sellers to drive the price below the April 2025 lows.
(BTCUSDT)
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BTC Remains Above $84,000 as Trump Critiques the Federal Reserve
At current prices, the digital asset has increased nearly 8% over the past week, approaching $85,000. Should buyers continue their momentum, a close above $90,000 in the next few days could redirect crypto holder focus towards some of the top 100X cryptos for 2025.
Notably, BTC is showing strength just 12 hours after Donald Trump publicly criticized Jerome Powell, the Federal Reserve chair. Trump has condemned the central bank’s approach to interest rates, insisting they should be decreased.
Upset with Powell and the Federal Reserve’s slow response, Trump has demanded his removal.
On Wednesday, Powell stated that Trump’s aggressive tariffs could adversely affect the economy, with potential repercussions deemed “larger than expected.”
“The level of tariffs increases announced so far is significantly larger than anticipated, and the same is likely to be true for the economic effects, which is higher inflation and slower growth.” – Powell
How much clearer could it get?
— Spencer Hakimian (@SpencerHakimian) April 17, 2025
Powell also remarked that the central bank is navigating unprecedented economic challenges to maintain low inflation and stabilize employment levels.
If the Federal Reserve reduces rates, Bitcoin, viewed as a safeguard against fiat currency devaluation and policy uncertainty, could rise significantly. Consequently, some of the most promising Solana meme coins may also gain from this.
Keep an Eye on These 2 Key BTCUSDT Indicators
Nevertheless, beneath the current sense of optimism and price steadiness, analysts at Glassnode have pinpointed two critical trends that might lead bulls to reconsider their strategies.
In their assessment on X, they noted that the growth of stablecoin circulating supply has tapered off in recent weeks.
Assets like USDT, USDC, FUSD, and USDS serve mainly as quote currencies for many digital currency pairings on major exchanges. An increase in stablecoin token supply typically signals fresh capital entering the ecosystem, often resulting in a boost for Bitcoin and altcoin prices.
(Source)
However, the latest data indicates that while supply remains consistent, the growth rate is diminishing. This trend suggests a “risk-off” scenario, with investors reluctant to put capital into Bitcoin or even the hottest presales anticipated for 2025.
Moreover, the Bitcoin Realized Cap stands at a historic high of $872 billion. This metric gauges the total worth of all Bitcoin based on the last price at which it was transacted.
(Source)
Despite the Realized Cap reaching unprecedented levels, it has only increased by less than 1% in the last month. Analysts interpreted this as a sign that capital inflow into Bitcoin is decelerating, even as spot prices consistently hover above $80,000.
The slowdown in Realized Cap growth indicates that long-term investors, or “diamond hands,” are holding firm. However, new purchasers are demonstrating less aggressiveness, indicating caution and a “risk-off” attitude. If this trend continues, BTC prices may be more likely to remain flat rather than make significant advances.
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Bitcoin Steady at $84K: Trump Critiques Fed, Yet 2 Signals Warn of Caution
- Bitcoin stable above $84,000, holding above April’s lows
- Trump critiques Jerome Powell and the Fed, pressing for interest rate reductions
- USDT, USDC, and stablecoin supply growth slowing down, indicating cautious traders
- The BTC Realized Cap reached a database level, but momentum is fading as diamond hands continue to hodl
The post BTC Maintains Position Above $84,000: What Do These 2 BTCUSDT Indicators Indicate About Sentiment? appeared first on 99Bitcoins.
