Bitcoin skyrocketed toward a stunning $94,000 on Tuesday evening šāall sparked by a single comment from Donald Trump. During a press conference, the U.S. President declared he has no intention of removing Fed Chair Jerome Powell, sending a wave of relief through jittery markets.
š¹ āNever,ā Trump told reporters. āThe press runs wild with these things. No, Iām not firing him. Iād just like him to be a little more proactive about cutting interest rates.ā
Trumpās repeated jabs at Powellās monetary policy in recent weeks had rattled markets and triggered speculation about a possible dismissalāraising concerns over the Fedās independence and unsettling investors.
š Bitcoin Flexes Its Power as Global Tensions Ease
While spot gold surged toward $3,500, Bitcoin was already gaining ground earlier in the day, passing the $90,000 mark. Trumpās calming words added fuel to the rally, propelling BTC beyond $93,000 in a sharp, late-session spike.
Another market booster: Trump softened his stance on China tariffs, hinting that they might be significantly reduced. āI donāt want to play hardball,ā he saidāanother headline that supported the Bitcoin breakout.
š Bitcoin Detaches from Tech Stocks as ETFs See Massive Inflows
Analysts now suggest that Bitcoin may be starting to decouple from tech stocks. While it has long followed Nasdaqās moves, BTC is beginning to chart a more independent path.
š Meanwhile, institutional demand is roaring back. U.S.-listed spot Bitcoin ETFs saw a $381 million net inflow on Monday, according to Farside Investors. By Tuesdayās session, total inflows reached $719 million.
Still awaiting: data from BlackRockās iShares Bitcoin Trust. If it also posts inflows, this could mark the strongest single-day ETF influx since January.
š Whatās Next?
Bitcoin has since cooled slightly, pulling back to $92,700, but that still reflects a 5% gain in the last 24 hours. With market confidence returning and uncertainty fading, this could be the start of a powerful new rally.
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Bitcoin Soars Past $93K After Trump Says Powell Isn't Going Anywhere
Bitcoin skyrocketed toward a stunning $94,000 on Tuesday evening šāall sparked by a single comment from Donald Trump. During a press conference, the U.S. President declared he has no intention of removing Fed Chair Jerome Powell, sending a wave of relief through jittery markets. š¹ āNever,ā Trump told reporters. āThe press runs wild with these things. No, Iām not firing him. Iād just like him to be a little more proactive about cutting interest rates.ā Trumpās repeated jabs at Powellās monetary policy in recent weeks had rattled markets and triggered speculation about a possible dismissalāraising concerns over the Fedās independence and unsettling investors.
š Bitcoin Flexes Its Power as Global Tensions Ease While spot gold surged toward $3,500, Bitcoin was already gaining ground earlier in the day, passing the $90,000 mark. Trumpās calming words added fuel to the rally, propelling BTC beyond $93,000 in a sharp, late-session spike. Another market booster: Trump softened his stance on China tariffs, hinting that they might be significantly reduced. āI donāt want to play hardball,ā he saidāanother headline that supported the Bitcoin breakout.
š Bitcoin Detaches from Tech Stocks as ETFs See Massive Inflows Analysts now suggest that Bitcoin may be starting to decouple from tech stocks. While it has long followed Nasdaqās moves, BTC is beginning to chart a more independent path. š Meanwhile, institutional demand is roaring back. U.S.-listed spot Bitcoin ETFs saw a $381 million net inflow on Monday, according to Farside Investors. By Tuesdayās session, total inflows reached $719 million. Still awaiting: data from BlackRockās iShares Bitcoin Trust. If it also posts inflows, this could mark the strongest single-day ETF influx since January.
š Whatās Next? Bitcoin has since cooled slightly, pulling back to $92,700, but that still reflects a 5% gain in the last 24 hours. With market confidence returning and uncertainty fading, this could be the start of a powerful new rally.
#bitcoin , #CryptoNewss , #TRUMP , #JeromePowell , #USPolitics
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā