Trump’s Crypto Gambit Sends Bitcoin Soaring—Wall Street Left Scrambling
Former president drops regulatory bombshell—BTC smashes through resistance as altcoins ride the wave. Political volatility meets financial markets yet again.
Strategic embrace or election-year posturing? Either way, traders win while traditional finance plays catch-up. Classic.
$99,432 surged past $101,000, marking a return to six-digit figures after three months. It was anticipated that positive developments could alter the market sentiment this week due to a pending tariff agreement. However, more significant news unfolded within 24 hours as TRUMP made three major announcements.
Cryptocurrencies on the Rise
In the past 24 hours, Trump delivered three impactful announcements. Restrictions on chips were lifted, a mineral agreement was signed with Ukraine, and a trade agreement with the United Kingdom was concluded. These developments mitigated fear and uncertainty in the markets, counterbalancing the negative sentiment spurred by Powell. Consequently, these strategic moves foster a bullish trend among cryptocurrencies.
During the preparation of this article, Trump asserted that “now is a good time to invest in stocks.” He further elaborated on the situation regarding international relations and economic strategies, addressing several critical issues.
Asked about seeking assistance from China concerning the Ukraine-Russia situation, Trump responded, “I think so.” His remarks underline a proactive stance on U.S. involvement in the Ukraine-Russia discussions, emphasizing efforts to end the invasion.
“The U.S. will be deeply involved in Ukraine-Russia negotiations, focusing on halting Russia’s invasion of Ukraine. We’re attempting to work on Iran without resorting to bombings,” he declared.
Trump expressed a preference for diplomacy over aggression with Iran and Optimism about future discussions with European Commission President von der Leyen. He criticized Powell, comparing negotiations with him to speaking to a wall, suggesting Powell’s actions were consistently tardy.
The rise in cryptocurrency values was underscored as BTC exceeded $101,000 while ETH regained the $2,000 mark.
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