News: "$BTC hits a 7-week high with #TRUMP softening stance on #Tariffs "
" — Bitcoin jumped on Wednesday, reaching a seven-week high as investors celebrated the withdrawal of U.S. President Donald Trump's threats to fire Federal Reserve Chairman Jerome Powell and his indication of possible reductions in trade tariffs on China.
The world's largest cryptocurrency rose 3.1% to $92,936.0 at 11 a.m. Brasília time, hitting its highest level since early March.
Trump softens rhetoric on Fed and tariffs; boosts risk appetite
The increase came after U.S. President Donald Trump backed off recent threats to remove Federal Reserve Chairman Jerome Powell, a move that had shaken investors concerned about the central bank's independence and pressured the U.S. dollar."