In his latest remarks, Trump said Jay Powell isn’t going anywhere and vowed to bring down Chinese tariffs from their 145% ceiling. Crypto loved it.

💪 Bitcoin Breaks Out on Trump’s Policy Pivot

• Bitcoin BTCUSD jumped to a two-month high of $94,000 on Wednesday, up from Tuesday’s $87,000 low. The OG token rallied alongside risk assets after President Trump dialed back his firebrand stance on both Federal Reserve Chair Jay Powell and China.
• In a sharp reversal from earlier rhetoric, Trump said he “has no intention” of firing the Fed boss and that his proposed 145% tariffs on Chinese goods “will come down substantially.” That hit the reset button on investor nerves, and crypto — as usual — moved fast.

🔥 Risk-On Returns, Bitcoin in the Lead

• The combination of reduced Fed drama and softer trade war vibes lit a fire under digital assets, with Bitcoin leading the charge. The shift in tone helped boost the broader sentiment, prompting a wave of buying across the crypto market.
• For traders, it was a perfect cocktail (and a needed one after days of lackluster performance): less central bank chaos, fewer macro threats, and a healthy dose of risk-on mood. Add in rising trading volume and bullish momentum, and BTC smashed through the range-bound with ease.

📲 Keep Your Feed Open

• Earlier this month, Bitcoin hit a six-month low of $74,000, erasing all gains made in the post-election euphoria. Crypto is highly sensitive to Trump’s comments and tone-setting as he appointed a whole group of experts to work out regulations that would benefit the nascent industry.
• So keep an eye on anything that comes out of Trump’s social media handles as his online posting could sway digital asset prices more than some of the regular economic updates. Also, Ethereum ETHUSD posted a 12% gain Tuesday and was minding its own business around $1,800 on Wednesday.