#TrumpVsPowell
Bitcoin Surges Past $91,000 Amid Trump's Criticism of Fed Chair Powell
Bitcoin's price has surpassed $91,000 for the first time in 52 days, driven by growing demand from institutional investors and a surge in ETF inflows. The recent criticism of Federal Reserve Chair Jerome Powell by US President Donald Trump has also contributed to the price increase.
Key Factors
- *Bitcoin Price:* Surpassed $91,000 on Tuesday, driven by growing ETF demand and Trump's criticism of Powell.
- *ETF Inflows:* $381 million in Bitcoin ETF inflows on Monday, indicating a shift in capital from stocks to cryptocurrencies.
- *Technical Indicators:* Suggest a potential run higher toward $95,000 if momentum sustains.
Trump's Comments
- *Criticism of Powell:* Trump accused Powell of "politicizing rate policy" and "sabotaging economic momentum."
- *Interest Rates:* Trump believes the Federal Reserve should lower interest rates, following the European Central Bank's lead.
Market Outlook
- *Bitcoin Prediction:* $95,000 breakthrough possible if momentum maintains.
- *Support Levels:* $87,900 probable on profit-taking, with $88,500 as a key level to watch.
- *Institutional Confidence:* Increased investor confidence with Paul Atkins' approval as SEC Chair, known for market-liberal ideas and criticism of overregulation.$BTC
