#BinanceAlphaAlert
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. Growing demand from institutional investors and a surge in ETF inflows have driven this increase. Recent criticism of Federal Reserve Chair Jerome Powell by US President Donald Trump has also contributed to the price surge.
Key Factors
- *Bitcoin Price:* Surpassed $91,000, driven by ETF demand and Trump's comments.
- *ETF Inflows:* $381 million inflow on Monday, indicating a capital shift from stocks to cryptocurrencies.
- *Technical Indicators:* Suggest a potential run toward $95,000 if momentum sustains.
Trump's Comments
- *Criticism of Powell:* Accused Powell of politicizing rate policy and sabotaging economic momentum.
- *Interest Rates:* Believes the Fed should lower rates, following the European Central Bank's lead.
Market Outlook
- *Bitcoin Prediction:* $95,000 possible if momentum maintains.
- *Support Levels:* $87,900 and $88,500 are key levels to watch.
- *Institutional Confidence:* Paul Atkins' approval as SEC Chair may boost investor confidence.
