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Bitcoin surged 6% to trade above $93,000 on Wednesday after US President Donald Trump stepped back from threats to remove Federal Reserve Chair Jerome Powell and signalled a possible easing of tariffs on Chinese imports. Speaking from the Oval Office on Tuesday,. He also suggested that the steep tariffs his administration imposed on China could be reduced, saying they "will come down substantially," although he added they "won't be zero."Bitcoin Breakout Follows Trump's Retreat from Fed Showdown The remarks marked a sharp shift in tone from earlier this week, when Trump labelled Powell a "major loser" and hinted at firing him. The president has repeatedly criticized the Fed for not cutting interest rates fast enough, despite nominating Powell to lead the central bank in 2017. . on Fed Chair Jerome Powell: "I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates ... but, no, I have no intention to fire him." - Rapid Response 47 (@RapidResponse47) Markets responded swiftly. Bitcoin rose to $93,055, extending its gains to over 11% for the week. US stock futures also jumped, with the Dow, S&P 500 and Nasdaq futures climbing in after-hours trading. Cryptocurrencies like Bitcoin tend to rally during times of perceived policy uncertainty or weakening confidence in traditional financial systems. Trump's recent attacks on the Fed, paired with signs of political interference, have likely fuelled demand for decentralised assets that operate outside of central bank control. Trump Retreats on Powell Threat After Market Jitters #TRUMP #Powell
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Here's what happened in crypto today Today in crypto, Pakistan has tapped former Binance CEO Changpeng "CZ" Zhao as an adviser to its national crypto council; an Ethereum whale moved to deposit $14 million in ETH to prevent liquidation on a $340 million short position; and Bitcoin's hashrate has officially surpassed 1 zetahash per second, marking a major milestone for the network. Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up Former Binance CEO Changpeng "CZ" Zhao has been appointed as an adviser to Pakistan's Crypto Council, a newly formed regulatory body tasked with overseeing the country's embrace of blockchain technology and digital assets. The appointment was confirmed by Pakistan's finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption, Bloomberg reported. In March, the CEO of Pakistan's Crypto Council, Bilal bin Saqib, told Bloomberg that the country plans to develop a clear regulatory framework for digital assets. "Pakistan is done sitting on the sidelines," Saqib said. "We want to attract international investment because Pakistan is a low-cost high-growth market with [...] a Web3 native workforce ready to build." Ministry Or FIBabee an Whale makes $14 million Ether emergency deposit to avoid $340 million liquidation An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure. The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ΕΤΗ worth more than $14.5 million and 3.54 million Dai (DAI) to raise the position's liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X. "If $ETH drops to $1,119.3, the 220,000 $ETH($340M) will be liquidated." ETH-C Voult 31214 $1,119.30
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Barkin Speaks 9:00pm (g+6) April 9 April 9-12th Show market down So friends alert in this month #Binance
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#BinanceAlphaAlert
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$BTC Market go down 74580 something #BinanceAlphaAlert #TrumpTariffs #BTC #bearishmomentum
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