Brothers, Lin Ge recommends a few targets: $TAO, $HYPER, $CETUS. Remember to check the points ⬆️
Driven by optimistic sentiment surrounding the improvement of Sino-U.S. trade relations, Bitcoin's price broke through $93,000 last night, with a 24-hour increase of over 7%, reaching a nearly seven-week high. The total market capitalization of cryptocurrencies rebounded to $2.915 trillion, rising 0.9% in 24 hours. Meanwhile, yesterday saw a net inflow of $912.7 million into U.S. spot Bitcoin ETFs and a net inflow of $38.8 million into spot Ethereum ETFs, indicating a significant increase in investors' willingness to allocate to crypto assets.
The core driving factor behind Bitcoin's rise stems from the Trump administration's adjustments to tariff policies. On April 21, U.S. Treasury Secretary Yellen stated at a closed-door meeting with JP Morgan that the current Sino-U.S. tariff stalemate is 'unsustainable' and is expected to ease 'in the near future,' describing the current situation as a 'trade embargo.' She also warned that a comprehensive agreement may take several years. The next day, Trump clearly stated during a press conference at the White House that U.S. tariffs on China would be 'significantly reduced' from the current 145% level, alleviating market concerns about an escalation of the trade war. Previously, the Trump administration had engaged in trade negotiations with Japan, India, South Korea, the EU, Canada, Mexico, and others, with White House Press Secretary Caroline Levitt revealing that 18 trade agreement proposals had been received, and all parties expressed a strong willingness to reach an agreement.
However, accompanying the positive trade news is an escalation of concerns regarding the independence of the Federal Reserve. Trump criticized Federal Reserve Chairman Powell again on the Truth Social platform yesterday, calling him a 'total failure' and urging immediate interest rate cuts, even suggesting the removal of Powell. This statement quickly triggered market turbulence, causing the dollar index (DXY) to fall below 98, hitting a nearly three-year low. White House economic advisor Kevin Hassett disclosed last week that the president's team is discussing the possibility of removing Powell from his position. Although Trump stated on Tuesday that he had 'no intention' of firing Powell, market doubts about the Federal Reserve's policy outlook have yet to dissipate.
Under the easing of Sino-U.S. trade tensions, a weakening dollar, and increased risk aversion, Bitcoin has once again become a 'safe haven' for capital. The Trump administration's adjustments to tariff policies have injected optimism into the market, but the ongoing debate over the Federal Reserve's independence and the uncertainty of global trade patterns still require close attention. Investors need to closely monitor market trends, allocate assets wisely, and seize opportunities.
#Cryptocurrency #Trump #TAO #ETH #BTC #AI
