🚀💥 Trump lets Powell off the hook, cryptocurrency and stock markets soar: BTC breaks $92,000! 😱🔥

Trump's attitude takes a sharp turn

On Tuesday evening, Trump announced that he has "no intention of firing" Federal Reserve Chairman Powell, reversing his earlier stance where he angrily called him a "loser" and threatened to dismiss him. The market immediately erupted, with stocks, the dollar, and cryptocurrencies all surging!

Market frenzy

Stock market: Dow futures up 444 points (+1.1%), S&P 500 futures up 1.4%, Nasdaq futures up 1.6%.

Crypto: Bitcoin skyrocketed 3% to $92,727, with Ethereum, XRP, and Solana all soaring.

Dollar: Up 0.9% against the yen, ICE Dollar Index rebounded from a three-year low of 97.92.

Catalytic factors

Treasury Secretary Yellen hinted at easing the US-China tariff war, Tether and others negotiating a $3 billion SPAC to absorb crypto assets, igniting market enthusiasm. The newly appointed SEC chair supports crypto innovation, adding positive sentiment.

Concerns and gold's rise

Traders warn that BTC may pull back to $88,000 as the market overheats. Gold futures surged 8% to a new high of $3,509.90, attracting safe-haven funds. Harris Financial Group suggests gold funds may flow back into the market.

Trump's words dictate the market

Trump's change in attitude sends the market soaring by trillions! Can BTC and the stock market continue to rise? The cryptocurrency frenzy is reignited!