Trump’s Tweet Sends Bitcoin to the Moon! 🚀

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Well, knock me down with a feather! Turns out, the ol’ U.S. of A. is still wrestling with Bitcoin, those digital nuggets of… well, something valuable, apparently. Seems like the spot Bitcoin exchange-traded funds in the States saw their best day in three months. All thanks to a bit of good ol’ fashioned presidential bluster from none other than Donald Trump, who’s decided Jerome Powell needs a good talking to. Or, you know, firing. 🤷‍♂️

According to some data wizards at SoSoValue (sounds legit), these 12 spot Bitcoin ETFs raked in a cool $381.4 million on April 21. That’s a whopping 250% jump from the day before! I mean, who needs a savings account when you can just gamble on crypto, right? 😂

Leading the charge, like a caffeinated bunny, was ARK 21Shares’ ARKB, pulling in $116.13 million. Fidelity’s FBTC wasn’t far behind with $87.61 million. Must be all that high-frequency trading mumbo jumbo.

Bitwise’s BITB and BlackRock’s IBIT chipped in with $45.08 million and $41.62 million, respectively. And let’s not forget VanEck’s HODL and Franklin Templeton’s EZBC, who brought up the rear with a respectable $11.72 million and $10.1 million. Every little helps, as they say. 😉

Even Grayscale’s GBTC and BTC funds got in on the action, adding $36.6 million and $32.55 million. It’s a regular crypto gold rush! (Except it’s digital, and not actually gold.)

But hold your horses! While Bitcoin ETFs are doing the cha-cha, their Ethereum buddies are having a bit of a cry. A whole $25.42 million in outflows this week, continuing an eight-week losing streak totaling nearly $910 million. Ouch! Guess Ethereum is the emo kid at the crypto party. 😥

This influx of cash came after a two-week drought of outflows, with $15.85 million in net additions. So, you know, swings and roundabouts. Maybe the institutional investors finally found their wallets. 🧐

The whole kerfuffle kicked off when Trump decided to air his grievances about Powell on Truth Social, saying his “termination can’t come fast enough.” You know, because nothing screams stability like firing the head of the Federal Reserve. 🙄 Trump also wants more “aggressive monetary easing,” because subtlety is for losers.

Meanwhile, U.S.-China trade tensions and inflation worries have sent gold prices soaring, and Bitcoin is tagging along for the ride. Investors are treating both assets like those weird cousins you only see at Thanksgiving, but who always have some valuable antique or something. 🤔

The U.S. markets reopened on April 21, but the vibe was still a bit gloomy. The S&P 500 took a 2.4% nosedive, while the Nasdaq and Dow each fell 2.5%. The U.S. dollar also slipped to multi-year lows, leading investors to seek refuge in… you guessed it, crypto and gold.

Despite the stock market blues, crypto markets held their ground. Bitcoin (BTC) climbed past $88,500 on Tuesday, and its market cap soared back above $1.75 trillion. Not bad for something that’s basically digital fairy dust. ✨

Gold also hit $3,450 an ounce during Asian trading hours on April 22, continuing its record-breaking streak. It’s like everyone suddenly remembered that gold is shiny and valuable. 🤩

Kadan Stadelmann, Chief Technology Officer at Komodo (sounds like a villain’s lair), told crypto.news that these inflows show a broader shift in investor behavior. Apparently, confidence in traditional finance is eroding faster than a sandcastle in a hurricane.

“Fiat currencies lack intrinsic value, and with confidence in the U.S. financial system deteriorating, investors are turning to assets like Bitcoin,” Stadelmann said. Makes you think, doesn’t it? Or maybe it just makes you want a strong drink. 🍹

According to Stadelmann, Trump’s push for rate cuts and threats to Powell are fueling fears of monetary instability. Because nothing says “stable economy” like a presidential Twitter rant. 🤪

“All of these factors are good for Bitcoin, which many view as one of the safe havens from the U.S. Dollar, alongside gold, other precious metals, and select crypto assets. Therefore, Bitcoin ETFs are seeing inflows. Bitcoin’s price has certainly held up considering the trade war scenario,” he added. So, there you have it. Bitcoin: the digital lifeboat in a sea of economic uncertainty. Bon voyage! 🚢

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2025-04-22 10:43