Trump's Remarks Propel US Stocks Higher, Digital Currencies Experience a Rebound
US President Trump stated that he has no intention of firing Federal Reserve Chairman Powell and will not take a hardline stance in trade negotiations with China. This statement led to a comprehensive rise in the three major US stock indices, with Bitcoin returning to 93K, reaching a new high since March. ETH also rebounded strongly, with a gain of 11%, surpassing 1,700 USD.
According to Bloomberg reports, Trump emphasized that he would be 'very nice' to China and hopes to ease US-China trade tensions. US Treasury Secretary Mnuchin pointed out that both sides must find a solution, while White House Press Secretary Karoline Leavitt stated that the trade agreement is progressing and emphasized that cooperation with China is developing in the right direction.
Against the backdrop of a stock market rebound and a slight appreciation of the dollar, gold prices have retreated after breaking historical highs. The strong performance of Bitcoin and ETH has attracted investors, and the top ten cryptocurrencies by market capitalization have generally risen. The Fear & Greed Index has returned to a neutral level of 47. Additionally, the new chairman of the SEC, Paul Atkins, has taken office, promising to enhance the US's position as the best investment environment globally, with the market anticipating his easing measures for the crypto industry.
Aside from Bitcoin, the other side is SOL, which has capitalized on the potential of the retail-favorite meme segment! This has created a new wave of memes, and those with spare cash are daring to position themselves early in some promising meme coins. Among them, meme coins related to Trump have become particularly popular, especially the hero dog Co nan, backed by Trump's powerful IP and active community, with a market cap of around 5.3M USD and the number of holders exceeding 12K and continuing to grow, with great potential to become a dark horse in the bull market!
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