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Bitcoin Stabilizes Near $87,000 Amid Stock Market Decline, Signaling Maturity in Investor Sentiment

Bitcoin Stabilizes Near $87,000 Amid Stock Market Decline, Signaling Maturity in Investor Sentiment

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-04-21 19:45:06
0

Bitcoin’s resilience near the $87,000 price level contrasts with broader equity market weakness, reflecting growing confidence in BTC as a decoupled asset. Analysts interpret this divergence as evidence of Bitcoin’s evolving market psychology and reduced correlation with traditional risk assets.

BTC vs. SPX (CoinDesk)

The weakness of stocks and the U.S. dollar, put into perspective with bitcoin and gold’s strength, may be due to investors’ concerns about Trump potentially looking to fire Federal Reserve Chair Jerome Powell.

Earlier on Monday, U.S. President Donald Trump continued putting pressure on Powell, whom he called a “major loser” in a Truth Social post, sending an already shaky stock market even lower.

Trump demanded that Powell and his team lower interest rates “NOW,” arguing that there is currently “virtually no inflation” and that costs for many things are declining. Nevertheless, Trump said there’s a threat that the economy will slow down unless the Fed cuts rates.

Powell’s term, which started when he was appointed by Trump himself during his first four years in the Oval Office, is set to end in May 2026, but Trump has been trying to find a legal way to fire Powell beforehand.

The Fed Chair has previously argued that there is no possible way for the U.S. President to remove him under the law.

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