#BTCvsMarkets
The Bitcoin currency $BTC experienced a strong surge on Tuesday evening, after U.S. President Donald Trump reassured the markets with a surprising statement: "I have no intention of firing Federal Reserve Chairman Jerome Powell." These words were enough to calm fears of political interference in the Fed's policies, giving the market a strong boost and pushing Bitcoin to surpass the $93,900 barrier before settling at $92,700.
Return of confidence… and institutions' eyes on Bitcoin
Trump's remarks did not stop at the Fed, but also included a softening of his tone towards China, announcing that tariffs "will be significantly reduced," which increased investors' risk appetite. The result? Massive financial inflows towards digital assets, led by Bitcoin.
In the same context, Bitcoin ETFs recorded net investment inflows of approximately $720 million in just two days, a clear indication of the return of major investors with greater confidence towards the world's largest digital currency.
Bitcoin decouples from Nasdaq… and rises as an independent asset
What is notable is that Bitcoin has begun to gradually decouple from the performance of tech stocks, enhancing its image as an independent asset that is more influenced by global economic policies than by stock markets.
Meanwhile, gold also rose with the growing demand for safe-haven assets.
