Why Did Crypto Go Up Today? Shiba Inu Price, SUI Crypto News , HBAR News, FED Rate Cuts

Tesla reported a 71% drop in Q1 2025 profits, earning $409 million as revenue fell 9% to $19.3 billion. The company blamed weak demand on political backlash and global trade uncertainty. It pulled back its 2025 forecast and warned of near-term challenges. Despite this, Tesla confirmed plans to launch new, affordable models and a robotaxi by June. Analysts said the stale vehicle lineup and Musk’s political role have hurt the brand, with calls growing for him to refocus on Tesla.

Donald Trump said he won’t fire Fed Chair Jerome Powell, despite being frustrated over delayed rate cuts. Calling it the “perfect time” to slash rates, Trump urged Powell to act sooner rather than later. Though earlier he hinted at removing Powell, Trump clarified the controversy was overblown. The Fed has kept rates steady in 2025, prioritizing inflation control amid tariff-driven economic uncertainty.

Bitcoin Price today surged 5.61%, reaching $92,892.57 with a massive 24-hour volume of $56.38B, up 49.5%, and a market cap of $1.84T. Bulls pushed the price above the $92K resistance, with a sharp move testing the $94K zone and forming a high at $93,888. It’s now consolidating above the 23.6% Fib level from the $86,400 swing low. Interestingly, two wallets—likely a whale—shorted $74.5M in BTC at around $92.5K using 6x leverage, despite the bullish momentum.