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Signs of relief from tariff tensions increase risk appetite

The increase on Wednesday occurred after U.S. President Donald Trump backed away from recent threats to remove Federal Reserve Chairman Jerome Powell.

He also signaled a possible easing of trade tariffs on China, fueling hopes for a more stable economic outlook.

U.S. Treasury Secretary Scott Bessent said on Wednesday that the high tariffs between the U.S. and China are unsustainable, as the Trump administration signaled a willingness to ease trade tensions.

The positive sentiment was further supported by media reports indicating that Japan's Economy Minister, Ryosei Akazawa, will visit Washington from April 30 to May 2 to engage in a second round of tariff negotiations.

These factors improved the global risk appetite, stimulating flows into Bitcoin and other risk-sensitive assets.

$SOL