Trump eases up, US stocks big pump over 2%, Bitcoin stands at 93K

U.S. President Trump stated that he has no intention of dismissing Federal Reserve Chairman Powell and will not take a hardline stance in any trade negotiations with China. The three major U.S. stock indices rose across the board, and Bitcoin has once again gained favor with investors, reaching 93K this morning, setting a new high since early March. ETH has shaken off its recent downturn, surging 11% to return above $1,700.

Becent expects the US-China tariff deadlock to ease.

According to a report by Bloomberg, U.S. President Trump stated on Tuesday that he will be "very good" to China amid the trade dispute between the U.S. and China threatening the health of the two largest economies in the world.

US Treasury Secretary Basant stated at a closed-door investor summit that the tariff deadlock with China cannot continue like this, and both sides must find a way to ease the situation.

White House press secretary Karoline Leavitt said at a news conference that the trade deal is making progress and that "cooperation with China is moving in the right direction." While the Trump administration has met separately with representatives of Japan and India in recent days, investors are eager to see positive news on trade.

The US stock market rose, erasing Monday's sharp decline, the dollar rebounded slightly, and gold prices fell after breaking the historical high of $3,500.

( Gold soars past the 3500 USD mark! Trump criticizes The Federal Reserve (FED) Chairman, triggering a surge in safe-haven demand, while posts mentioning "gold" spark heated discussions )

Bitcoin strongly breaks through 93K, ETH stands back at 1,700

Amid the dual pressures of stock market volatility and a weakening dollar, Bitcoin has once again captured investors' attention, rising to 93K this morning, marking a new high since early March.

( Bitcoin makes a strong return to $90,000: A safe haven in a turbulent market? Is BTC reclaiming its title as digital gold? )

ETH has bid farewell to its recent downturn, surging 11% yesterday and returning above $1,700.

The top ten cryptocurrencies by market capitalization are experiencing a pump, and Coinglass's Fear and Greed Index has returned to a neutral level of 47. The new chairman of the SEC, Paul Atkins, has taken the oath of office, pledging to work towards making the United States the best and safest place in the world for investment and business. The market generally expects Atkins to implement further relaxations for the crypto industry.

(SEC's new chair Atkins has taken office! 72 crypto ETFs are waiting for approval, including Dogecoin, Pengu, and Mrs. Trump, all on the list ).

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