#BTCvsMarkets
$BTC Bitcoin gains momentum with the entry of US$ 489 million in ETFs and tensions between Trump and the Fed.
The #recent breakout above US$ 87,000 signals a trend reversal, supported by increased investments in spot ETFs and the slowdown in sales by miners after the halving (inflationary event that occurs every four years)," says Guilherme Prado, Country manager of Bitget in Brazil.
The gains occur amid threats from Donald Trump, President of the United States, to the independence of the Federal Reserve (Fed, the U.S. central bank), for not lowering interest rates as quickly as he would like. Trump accused Jerome Powell, the Fed chairman, of political favoritism towards the Democrats. On Friday (18), the White House confirmed that Trump is "studying" whether the president has the power to terminate Powell's term before 2026.
