Bitcoin gained ground on Wednesday on track for the fifth profit in a row, hitting eight-week highs and on track to test the psychological barrier of $100,000.
It comes amid an upbeat sentiment in the global financial markets after positive Trump remarks about Jerome Powell and China.
The Price
Bitcoin rose 1.1% at Bitstamp today to $94,510, the highest since March 2, with a session-low at $92,657.
On Tuesday, bitcoin rallied 7%, the fourth profit in a row and the largest since April 9 as major corporations announce new bitcoin purchases.
US assets rebounded strongly on Tuesday with stock indices rallying and the dollar index rebounding from three-year lows after assurances from President Trump.
Trump’s Reassurances
US President Donald Trump assured the markets he doesn’t intend to fire Fed Chair Jerome Powell despite his disappointment from the slow pace of policy easing.
Trump told reporters in the White House that he never tried to fire him, but he would like to see him more active about interest rate cuts.
It comes after a series of heavy Trump attacks against Powell on social media, calling him a big loser and asserting his authority to fire him.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Full coverage of commodities such as gold, oil, silver, and more
Full coverage of all major forex currency pairs
Full coverage of key global indices and stocks
Full coverage of major cryptocurrencies and meme coins
Accurate analysis and daily updated price forecasts
Exclusive and breaking news
Reliable trading ranges for effective risk management
Comprehensive educational materials, competitions and prizes!
Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Join Economies.com VIP Club
