Bitcoin is heading towards $94,000 after Trump announces he has no intention of firing the Federal Reserve Chairman 🤔
The American president has stirred the markets in recent weeks with his public criticism of the Federal Reserve's monetary policy. His repeated criticisms of Powell have sparked discussions about the possibility of his removal, to the point where people began to wonder if it was legally possible. 🤔
With every attempt from Trump, concerns about the independence of the Federal Reserve have increased, as have investors' worries. 🤔🔥📉
Nonetheless, the spotlight has turned to Bitcoin. This digital asset has been making gains throughout the day, surpassing $90,000 before Trump's statements. His remarks gave a strong boost to the rise, pushing Bitcoin to exceed $93,000 in a sharp movement late in the day. 🔥
Market analysts say that Bitcoin's recent price movements indicate that it may begin to decouple from tech stocks. For most of its history, Bitcoin moved in tandem with NASDAQ. But it is now starting to behave more independently. 🔥