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  • By Subarna Biswas
  • April 17, 2025
  • 7 Min

Bitcoin Price Analysis: BTC Struggles To Reclaim $85,000 As Powell’s Comments Rattle Markets

Bitcoin (BTC) is struggling to reclaim $80,000 after markets registered a substantial drop on Wednesday after Federal Reserve Chair Jerome Powell flagged concerns about inflation and slowing growth due to President Trump’s tariff strategies. However, while the flagship cryptocurrency’s momentum has waned, it has shown considerable resilience to maintain its position above $80,000.