Bitcoin Surges Past $93,000 Following Trump’s Remarks
- Bitcoin exceeded $93,000 after President Trump confirmed no intention to fire Fed Chair Jerome Powell.
- The digital asset approached $94,000 before settling at $92,700.
- President Trump’s softened stance on China trade relations contributed to Bitcoin’s rise.
- Spot gold prices neared $3,500 due to market unease over Fed independence concerns.
- US-listed spot Bitcoin ETFs saw net inflows of $719 million following a period of outflows.
Bitcoin’s price surged past $93,000 after President Trump announced he had no plans to dismiss Fed Chair Jerome Powell. This, along with Trump’s softened approach on China tariffs, fueled the digital currency’s rally. Spot Bitcoin ETFs also experienced significant gains with net inflows reaching $719 million.
Source (2.6)https://cryptobriefing.com/bitcoin-market-reaction-trump-fed-chair/?rand=59535
