Trump’s Chill Pill Gives Markets a Breather, Bitcoin Hits New Heights 💪🏻
This week, President Trump toned down his usual aggressive rhetoric, sparing Fed Chair Jerome Powell and softening his stance on China’s hefty 145% tariffs, promising they’ll drop significantly. This de-escalation calmed markets, boosting risk sentiment and pushing Bitcoin to a peak of $94.5K, briefly surpassing Alphabet to become the fifth-largest asset by market cap. Though it dipped to $93K, Bitcoin’s rally, fueled by institutional players like 21 Capital, shows its growing legitimacy. Optimism is high, with traders betting on Bitcoin hitting $95K soon, but the market’s likely to hover between $90K–$94.5K until a new trigger pushes it toward $100K. Crowded positioning suggests caution, as sharp swings could hit if sentiment shifts.
I’m stoked to see Bitcoin flexing its muscle and overtaking giants like Alphabet—it’s a big moment for crypto’s credibility. Trump’s unexpected chill vibe is a nice break from the usual chaos, giving markets room to breathe. But the crowded bets on Bitcoin make me a bit wary; things could get shaky if everyone rushes for the exit. Still, the institutional backing and market momentum feel like a solid foundation for now. Let’s see if Bitcoin can keep its cool and make a run at $100K!
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