#BTCvsMarkets

The Bitcoin $BTC currency witnessed a strong surge on Tuesday evening, after U.S. President Donald Trump reassured the markets with a surprising statement: “I have no intention of firing Federal Reserve Chairman Jerome Powell.” These words were enough to calm fears of political interference in Federal policies, giving the market a strong boost and pushing Bitcoin to surpass the $93,900 barrier before stabilizing at $92,700.

Return of confidence… and institutions' eyes on Bitcoin

Trump's remarks did not stop at the Federal Reserve, but also included a softening of his tone towards China, announcing that tariffs “will be significantly reduced,” which increased investors' risk appetite. The result? Massive financial flows toward digital assets, led by Bitcoin.

In the same context, Bitcoin ETF funds returned.