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Bitcoin Outperforms XRP, Ethereum, and Cardano Amid Dollar Decline Following Fed Independence Concerns

Bitcoin Outperforms XRP, Ethereum, and Cardano Amid Dollar Decline Following Fed Independence Concerns

Author:
CoindeskEN
Published:
2025-04-21 02:42:21
19
1

Bitcoin Leads XRP, ETH, and ADA Higher as Perceived Threat to Fed Independence Sends Dollar Crashing

Cryptocurrency markets surged as Bitcoin spearheaded gains across major altcoins, including XRP, Ethereum (ETH), and Cardano (ADA). The rally coincided with a sharp downturn in the U.S. dollar, triggered by growing market apprehensions over potential threats to Federal Reserve independence. Investors flocked to digital assets as a hedge against macroeconomic uncertainty, reinforcing Bitcoin’s role as a leading risk-off asset. Analysts note that the dollar’s weakness has historically correlated with crypto market strength, with institutional players increasingly viewing BTC as a store of value amid fiscal policy concerns.

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