Cryptocurrency and traditional financial markets saw a strong rebound on Wednesday due to Trump's statement about lowering tariffs on China, along with his indication of not intending to fire the Federal Reserve Chairman. BTC briefly approached $95,000 yesterday (23), currently reported at $93,320, fluctuating within a narrow range.

Bitcoin's FDV surpasses Amazon and Google.

As the cryptocurrency prices recover, Bitcoin's fully diluted market value (FDV) has currently reached $1.96 trillion. Compared to the corporate data from CompaniesMarketCap, Bitcoin's FDV has surpassed that of Google's parent company Alphabet ($1.85 trillion) and Amazon ($1.91 trillion).

In fact, this is not Bitcoin's highest value, as it has previously surpassed the $100,000 mark. However, U.S. tech stocks have significantly corrected this year, demonstrating the resilience of BTC prices. Compared to companies, BTC currently only lags behind Apple ($3.07 trillion), Microsoft ($2.78 trillion), and Nvidia ($2.5 trillion), but there remains a substantial gap to gold's $22.4 trillion.

U.S. stocks continue to rebound.

Moreover, in traditional financial markets, investment sentiment has noticeably warmed up, with U.S. stocks continuing to rise on the 23rd:

  • The Dow Jones index rose by 419.59 points (1.07%), closing at 39,606.57 points.

  • The S&P 500 index closed up 88.1 points (1.67%), at 5,375.86 points.

  • The tech-heavy Nasdaq index surged by 407.63 points (2.50%), closing at 16,708.05 points.

  • The Philadelphia Semiconductor Index skyrocketed by 3.96%, closing at 3,983.92 points.

Additionally, U.S. Treasury Secretary Scott Bessent claimed last night that both sides do not believe the current high tariffs are sustainable, and there is an opportunity for a significant trade agreement between the U.S. and China, but emphasized that both sides are waiting for dialogue.

Note: Currently, the U.S. imposes a 145% tariff on many imported goods from China, with some goods facing cumulative tariffs of up to 245%. In retaliation, China has raised the tariff rate on U.S. goods to 125%.