Trump eased his stance, US stocks surged by more than 2%, and Bitcoin reached 93K

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

Bassent predicts US-China tariff stalemate will ease

According to Bloomberg, US President Trump said on Tuesday that he will be "very good" to China amid trade tensions that threaten the health of the world's two largest economies.

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

White House Press Secretary Karoline Leavitt said at a press conference that trade negotiations are making progress and "cooperation with China is moving in the right direction". The Trump administration has recently held meetings with representatives from Japan and India, and investors are eager to see positive news on trade.

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

(Gold breaks through $3,500! Trump's criticism of the Federal Reserve Chairman sparks a hedging trend, with a post mentioning "gold" causing heated discussion)

Bitcoin breaks through 93K, ETH returns to 1,700

Amid stock market volatility and a weak US dollar, Bitcoin once again gained favor among investors, breaking through 93K this morning and reaching a new high since early March.

(Bitcoin strongly returns to $90,000: A safe haven in a turbulent market? Has BTC reclaimed its digital gold title?)

ETH has shaken off its recent downturn, surging 11% yesterday and returning above $1,700.

The top ten cryptocurrencies by market cap generally rose, and Coinglass's Fear and Greed Index returned to a neutral level of 47. The new SEC Chairman Paul Atkins was sworn in, pledging to work to ensure the United States becomes the best and safest place to invest and do business. The market generally expects Atkins to have further relaxation measures for the crypto industry.

(New SEC Chairman Atkins takes office! 72 crypto ETFs are waiting for approval, including Dogecoin, Pengu, and Trump's wife)