🚀💥 Trump backs down on Powell, Bitcoin surges 6% to break $93,000! 😱🔥

BTC soars to $93,000

After Trump abandoned plans to fire Federal Reserve Chairman Powell and hinted at lowering tariffs on China, Bitcoin skyrocketed 6% on Wednesday, surpassing $93,055, with a weekly gain of over 11%! U.S. stock futures rose in sync, with the Dow, S&P 500, and Nasdaq all climbing.

Trump's policy shift

On Tuesday, Trump reversed his stance, stating he had "no intention of firing" Powell and revealed that high tariffs would "significantly decrease." This is in stark contrast to his earlier harsh criticism of Powell as a "loser" and threats of removal, easing market concerns about the independence of the Federal Reserve.

Market frenzy

Trump's attacks on the Federal Reserve had previously triggered panic, increasing demand for decentralized assets. With Powell maintaining a tough stance on inflation and not lowering interest rates, market confidence has rebounded after Trump's concession, leading to a surge of funds into BTC and other crypto assets.

Bull market acceleration?

Trump's policy shift ignites a Bitcoin frenzy, with $93K just the beginning? Is the crypto community ready for another surge?