Shock BTC Surge Past $94K in Minutes on Fed Stability Signals, Eyes $100K After Trump Hints at Lower China Tariffs
- Bitcoin jumped above $94,000 after Trump reassured investors on Fed policy and trade.
- Less than two weeks remain before the 60-day Bitcoin Reserve deadline set by Trump.
- Trump hints tariffs on Chinese goods may be reviewed, with new talks likely soon.
Bitcoin has extended its gradual rally and surged past $94,000 in minutes as traders reacted to President Donald Trump’s support for the Federal Reserve and a more conciliatory trade stance with China. The price surge came just days before the Strategic Bitcoin Reserve deadline and amid rising market optimism.
Trump Comments Boost Policy Stability Hopes
On Tuesday, President Trump confirmed that Federal Reserve Chair Jerome Powell will remain in his position, easing fears of political pressure on central bank policy. His comment reassured investors and boosted confidence across financial markets.
“We’re working well with the Fed,” Trump said. “Chair Powell and I agree on the need for growth and stability.”
Bitcoin responded directly with a 5.62% gain, soaring to as high as $93,910 as investors viewed the statement as a nod toward policy stability.
Related: Bitcoin Flexes its Muscle to Cle…
The post Shock BTC Surge Past $94K in Minutes on Fed Stability Signals, Eyes $100K After Trump Hints at Lower China Tariffs appeared first on Coin Edition.
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Shock BTC Surge Past $94K in Minutes on Fed Stability Signals, Eyes $100K After Trump Hints at Lower China Tariffs
- Bitcoin jumped above $94,000 after Trump reassured investors on Fed policy and trade.
- Less than two weeks remain before the 60-day Bitcoin Reserve deadline set by Trump.
- Trump hints tariffs on Chinese goods may be reviewed, with new talks likely soon.
Bitcoin has extended its gradual rally and surged past $94,000 in minutes as traders reacted to President Donald Trump’s support for the Federal Reserve and a more conciliatory trade stance with China. The price surge came just days before the Strategic Bitcoin Reserve deadline and amid rising market optimism.
Trump Comments Boost Policy Stability Hopes
On Tuesday, President Trump confirmed that Federal Reserve Chair Jerome Powell will remain in his position, easing fears of political pressure on central bank policy. His comment reassured investors and boosted confidence across financial markets.
“We’re working well with the Fed,” Trump said. “Chair Powell and I agree on the need for growth and stability.”
Bitcoin responded directly with a 5.62% gain, soaring to as high as $93,910 as investors viewed the statement as a nod toward policy stability.
Related: Bitcoin Flexes its Muscle to Cle…
The post Shock BTC Surge Past $94K in Minutes on Fed Stability Signals, Eyes $100K After Trump Hints at Lower China Tariffs appeared first on Coin Edition.
Read More
Bitcoin Surpasses Silver in Market Cap, Becomes 6th Most Valuable Asset Globally