- 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 Clear Key Resistance Zone, Eyes $100K as Momentum Builds
Reserve Deadline & Trade Tone Add Momentum
Also adding to positive sentiment, Vetle Lunde, head of research at K33, pointed out that the 60-day countdown tied to Trump’s executive order on the Strategic Bitcoin Reserve is nearing its end. Lunde reported that less than two weeks remain before the deadline.
He also emphasized that the ongoing debate over the Federal Reserve’s independence is helping fuel renewed optimism in Bitcoin’s price action.
Trade Tone Softens, Markets React
Meanwhile, Trump also suggested that tariffs on Chinese goods may be reviewed, with new talks likely soon. Investors welcomed the shift, interpreting it as a sign of easing tensions that could benefit global markets.
Markets reacted quickly to the news, with traders viewing it as a potential end to months of uncertainty surrounding global trade.
Related: Bitcoin Bulls Battle 90k Resistance Zone Fueled By Trump Tariff Woes
Analysts Eye Breakout Toward $100K
Bitcoin’s dramatic rise from under $91,500 to $93,000 in just minutes has left the traders stunned. Bitcoin commentator Michael Sullivan described it as “the craziest one-minute candle” he’s ever seen on the charts.
Crypto trader Crypto General said the move confirmed a long-awaited breakout. At the same time, another analyst, known as Ted, predicted Bitcoin is “going to catch up” with gold, hinting at a return to the $100,000 level last seen in early February.
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