{"id":113948,"date":"2025-04-23T10:56:00","date_gmt":"2025-04-23T06:56:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113948"},"modified":"2025-04-23T11:14:21","modified_gmt":"2025-04-23T07:14:21","slug":"bitcoin-surges-over-6-as-trump-softens-fed-and-china-tariff-stance","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-surges-over-6-as-trump-softens-fed-and-china-tariff-stance\/04\/23\/market-updates\/","title":{"rendered":"Bitcoin Surges Over 6% as Trump Softens Fed and China Tariff Stance"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Bitcoin rallied sharply on Wednesday, breaking out of its recent range to hit a <strong>seven-week high<\/strong>, as a shift in tone from U.S. President Donald Trump boosted investor confidence and risk appetite across financial markets.<\/p>\n\n\n\n<p>As of <strong>02:35 ET (06:35 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTC)<\/strong> surged <strong>6.3%<\/strong> to <strong>$93,811.0<\/strong>, marking its <strong>highest level since early March<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump Reassures Markets on Fed and Tariffs<\/strong><\/h3>\n\n\n\n<p>The sudden surge in Bitcoin came after Trump:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Withdrew threats<\/strong> to remove <strong>Federal Reserve Chair Jerome Powell<\/strong>, easing concerns over central bank independence.<\/li>\n\n\n\n<li><strong>Signaled possible tariff relief<\/strong> on Chinese imports, stating that the U.S. is &#8220;doing fine with China.&#8221;<\/li>\n<\/ul>\n\n\n\n<p>These developments helped <strong>lift risk sentiment<\/strong> globally, with Bitcoin\u2014often seen as a hedge against political and macroeconomic instability\u2014benefiting strongly.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Markets had been on edge over Trump&#8217;s increasingly aggressive rhetoric. His more conciliatory tone on both the Fed and China provided just the right spark,&#8221; said one strategist.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bitcoin\u2019s Comeback: From Range-Bound to Risk-On<\/strong><\/h3>\n\n\n\n<p>BTC had been trading in a <strong>tight range for weeks<\/strong>, pressured by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Uncertainty around U.S. <strong>monetary policy direction<\/strong><\/li>\n\n\n\n<li>Lingering fears about a <strong>global economic slowdown<\/strong><\/li>\n\n\n\n<li>Worries over a potential <strong>Fed leadership shake-up<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Wednesday\u2019s breakout marks a potential return of <strong>risk-on sentiment<\/strong>, especially for speculative and digital assets.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crypto Investment Boom: Cantor-SoftBank-Tether SPAC Venture<\/strong><\/h3>\n\n\n\n<p>Fueling bullish sentiment was a <strong>Financial Times<\/strong> report that:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cantor Fitzgerald<\/strong>, led by <strong>Brandon Lutnick<\/strong>, is launching a <strong>$3 billion SPAC<\/strong> venture in collaboration with <strong>SoftBank<\/strong>, <strong>Tether<\/strong>, and <strong>Bitfinex<\/strong>.<\/li>\n\n\n\n<li>The SPAC aims to <strong>replicate MicroStrategy\u2019s Bitcoin-centric strategy<\/strong>, signaling a bold long-term bet on digital assets.<\/li>\n\n\n\n<li>The group also plans to raise <strong>$550 million more<\/strong> in bonds and equity to expand holdings.<\/li>\n<\/ul>\n\n\n\n<p>The venture could serve as a <strong>catalyst for institutional re-entry<\/strong> into crypto, especially under a potentially <strong>more crypto-friendly Trump administration<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Altcoins Soar Alongside Bitcoin<\/strong><\/h3>\n\n\n\n<p>The crypto rally extended across the board, with major altcoins posting double-digit gains:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Coin<\/th><th>Price<\/th><th>% Change<\/th><\/tr><\/thead><tbody><tr><td><strong>Ethereum (ETH)<\/strong><\/td><td>$1,796.57<\/td><td>\u25b2 <strong>13.5%<\/strong><\/td><\/tr><tr><td><strong>XRP<\/strong><\/td><td>$2.2358<\/td><td>\u25b2 <strong>7.7%<\/strong><\/td><\/tr><tr><td><strong>Solana (SOL)<\/strong><\/td><td>\u2014<\/td><td>\u25b2 <strong>8.8%<\/strong><\/td><\/tr><tr><td><strong>Cardano (ADA)<\/strong><\/td><td>\u2014<\/td><td>\u25b2 <strong>11.4%<\/strong><\/td><\/tr><tr><td><strong>Polygon (MATIC)<\/strong><\/td><td>\u2014<\/td><td>\u25b2 <strong>5.4%<\/strong><\/td><\/tr><tr><td><strong>Dogecoin (DOGE)<\/strong><\/td><td>\u2014<\/td><td>\u25b2 <strong>13%<\/strong><\/td><\/tr><tr><td><strong>$TRUMP<\/strong><\/td><td>\u2014<\/td><td>\u25b2 <strong>14%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h3>\n\n\n\n<p>With <strong>Trump softening rhetoric<\/strong> and <strong>major institutional players signaling interest<\/strong>, Bitcoin\u2019s momentum may persist\u2014especially if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>dollar remains weak<\/strong><\/li>\n\n\n\n<li>The <strong>Fed holds steady<\/strong> on policy<\/li>\n\n\n\n<li>Regulatory pressures ease under a more <strong>crypto-supportive narrative<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Bitcoin watchers are now eyeing the <strong>$95,000 and $100,000<\/strong> levels as potential near-term psychological hurdles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rallied sharply on Wednesday, breaking out of its recent range to hit a seven-week high, as a shift in tone from U.S. President Donald Trump boosted investor confidence and risk appetite across financial markets. As of 02:35 ET (06:35 GMT): Bitcoin (BTC) surged 6.3% to $93,811.0, marking its highest level since early March. Trump &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-113948","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113948"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113948\/revisions"}],"predecessor-version":[{"id":113949,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113948\/revisions\/113949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}