Bitcoin skyrocketed toward a stunning $94,000 on Tuesday evening 🚀—all 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.
🔹 “Never,” Trump told reporters. “The press runs wild with these things. No, I’m not firing him. I’d just like him to be a little more proactive about cutting interest rates.”
Trump’s repeated jabs at Powell’s monetary policy in recent weeks had rattled markets and triggered speculation about a possible dismissal—raising concerns over the Fed’s independence and unsettling investors.
📈 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. Trump’s 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. “I don’t want to play hardball,” he said—another headline that supported the Bitcoin breakout.
📊 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 Nasdaq’s moves, BTC is beginning to chart a more independent path.
📌 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 Tuesday’s session, total inflows reached $719 million.
Still awaiting: data from BlackRock’s iShares Bitcoin Trust. If it also posts inflows, this could mark the strongest single-day ETF influx since January.
🔍 What’s 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
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