Is Bitcoin Breaking Free From Wall Street? Here’s What the Latest Price Action Signals

Bitcoin surged past $93,000 on Tuesday, brushing off mounting political tensions and marking a fresh four-week high of $93,988. The move came after former President Donald Trump reignited criticism of Federal Reserve Chair Jerome Powell, dubbing him “Mr. Too Late” and demanding immediate interest rate cuts to mitigate inflation stemming from sweeping new tariffs on over 180 countries. Trump’s comments sent a jolt through traditional markets—Wall Street fell sharply, while Bitcoin rallied over 6% in a classic risk-off rotation. Mr. Too Late needs to step it up. #MAGA #AmericaFirst #MrTooLate #LowerRates pic.twitter.com/DgSmvtPFcd — Mark (@sierraranchhome) April 22, 2025 On Truth Social, Trump doubled down on his rhetoric, saying the Fed’s policy missteps had allowed inflation to spiral during the pandemic. His fiery remarks appeared to dent confidence in the Fed’s independence, but they reinforced Bitcoin’s role as a hedge against institutional risk and monetary uncertainty. Crypto Market Reacts: Bitcoin Leads, Altcoins Diverge Bitcoin’s safe-haven appeal is once again in the spotlight. Analysts suggest BTC’s recent breakout isn’t just a technical move—it’s part of a larger macro trend. “When trust in institutions erodes, investors turn to alternatives like Bitcoin and gold,” said Juan Leon, Senior Analyst at Bitwise. Supporting this thesis, gold also hit a new record at $3,442 per ounce. Swan Bitcoin’s Steven Lubka added, “Bitcoin’s strength compared to equities suggests it’s already diverging from traditional risk assets.” Elsewhere in crypto, the market response was bullish: Total Crypto Market Cap: Holding steady at $2.9 trillion Solana (SOL): Up 6% to $147 Dogecoin (DOGE): Up 12% XRP: 5% Bitcoin Technical Outlook: Key Levels to Watch After peaking at $93,988, Bitcoin has pulled back slightly and is now trading around $93,119. The rally, which began at $88,682, has formed a steep ascending channel on the 4-hour chart. However, the MACD histogram is showing signs of fading momentum, suggesting a possible short-term cooldown. Trade Setup: Buy on Dip: $91,269 or $88,682 Breakout Entry: Above $93,988 with volume Targets: $96,973 and $99,692 Stop Loss: Below $88,682 This is a textbook “wait-for-confirmation” moment. If BTC sustains above $91,269 and reclaims $93,988 on strong volume, it could push toward $97K and beyond. But without confirmation, a dip to the lower trendline or support levels is likely. Best Wallet ($BEST): Presale Surges Past $11.8 M as Launch Nears Best Wallet ($BEST) is quickly emerging as one of the most promising crypto apps of 2025—offering users a secure, streamlined platform to manage digital assets with ease. With support for over 1,000 tokens and integrated Fireblocks MPC-CMP security, it’s designed for both beginners and seasoned traders alike. Now available on Google Play and the App Store, Best Wallet combines functionality with innovation. Its standout “Upcoming Tokens” feature gives users exclusive early access to presale opportunities—allowing them to invest in high-upside projects before they go public. The ongoing $BEST token presale is gaining momentum, with over $11.80 million raised so far. Each token is currently priced at $0.024825, and the countdown is on before the next price increase. The presale has already seen 193 million $BEST tokens staked, a sign of strong community trust and long-term commitment. Stakers can currently earn up to 137% APY, adding an attractive yield incentive to early participation. Key Highlights: Presale raised : $11.8 million+ Current token price : $0.024825 Tokens staked : Over 193 million Staking rewards : ~137% APY Supported chains : 1,000+ tokens secured via Fireblocks MPC-CMP App availability : Google Play & App Store Follow Best Wallet on X and Telegram for the latest updates. The post Is Bitcoin Breaking Free From Wall Street? Here’s What the Latest Price Action Signals appeared first on Cryptonews .