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Trump says: will significantly reduce tariffs on China, will not fire Powell, Bitcoin knocks on the door of 94,000 USD, US stocks all pump.
US President Donald Trump made a number of far-reaching trade and financial remarks at the White House press conference, which turned the investment atmosphere from the original worry to optimism, and the global financial market ushered in a rally, bitcoin knocked 94,000 US dollars. (Synopsis: Trump choked Powell "to fire you faster than cut interest rates", Fed independence affected will hit the market? (Background supplement: The EU is preparing to cut interest rates for the 7th time" Trump choked the Fed again: Powell always misjudged the economy and should fire and cut interest rates immediately) US President Trump said at the White House on the 22nd that the high tariffs imposed on China will "drop significantly", although he stressed that it will not fall to zero, but his attitude has been greatly softened. His sudden statement was in response to US Treasury Secretary Bencent's earlier comments that the high tariffs on China were "unsustainable". In an earlier interview, Bescent revealed that "negotiations with China will be very difficult, and both sides believe that the status quo is unsustainable", a comment that quickly made headlines in European and American media, showing that the market is highly concerned about the possibility of cooling the US-China trade war. In addition to the cooling trend of the Sino-US trade war, due to Trump's recent concentrated firepower attack on Federal Reserve Chairman Powell's delay in cutting interest rates, the market was worried that the Fed's independence was in jeopardy. On the same day (22), Trump also changed his tune and said that he had no intention of firing Powell, only "hoping that the pace of interest rate cuts will accelerate." According to CNBC, Bloomberg and other reports, analysts generally believe that if Trump forcibly removes Powell, it will not only damage the credibility of the central bank's operation, but also trigger a financial crisis with floating sentiments. The Fed has kept interest rates on hold this year amid concerns about the trade war and a cautious assessment of inflation risks. Economists estimate that once the trade tariff issue is resolved, timely monetary policy easing will also complement each other, which will give a significant boost to market confidence. U.S. stocks and technology rose together, and the market atmosphere picked up significantly Under the double positive, the performance of U.S. stocks rose rapidly on the 22nd: The Dow Jones Industrial Average rose 1016.57 points or 2.66%, closing at 39186.98 points The S&P 500 rose 129.56 points or 2.51% to close at 5287.76 points The technology-dominated Nasdaq index rose 429.62 points, or 2.71%, to close at 16300.42 points Philadelphia Semiconductor Index pulled up 80.14 points, or 2.14%, to close 3832.05 points The seven major technology giants of the US stock market also closed up across the board, Tesla (TSLA) rose 4.60% to close at $237.97 The best performer, Amazon (AMZN), Apple (AAPL) and Meta also gained more than 3%. Bitcoin knocked $94,000, mainstream cryptocurrencies soared With a good global financial atmosphere, Bitcoin, which has taken the lead in rebounding yesterday, has also performed even stronger, BTC once knocked $94,000 this morning and is now at $93,254, up 6.31% in the past 24 hours. Other major coins have also performed well in the last 24 hours: Ethereum (ETH): $1,754.25, up 11.95% XRP: $2.21, up 6.36% Binance Coin (BNB): $615.67, up 2.80% Solana (SOL): $148.27, up 8.22% Overall, Trump's latest attitude towards tariffs and monetary policy has reverberated widely around the world. If U.S.-China trade is downgraded and global liquidity improves, it is expected to stimulate global economic performance this quarter, injecting momentum into Asian, European and emerging markets. However, the trade dialogue is still volatile, and the trend of the dollar, inflation, and US bonds also needs to be closely monitored. The overall assessment is that the short-term market may rebound, but the medium- and long-term trend depends on the digestion process of global macroeconomic and political and economic risks. Related reports Fed Bauer clearly "does not bail out", can cryptocurrencies wait for the liquidity feast? US think tank spouts Trump Bauer: Fed interest rate cut is too much, "inflation is about to explode", economics has completely failed Fed Powell shouted "no urgent interest rate cut", the US economy is still very strong; Trump responded: the action is too slow 〈Trump shouted: will significantly reduce tariffs on China, will not fire Bauer, bitcoin knocked $94,000, U.S. stocks rose together" This article was first published in the moving area BlockTempo "dynamic trend - the most influential blockchain news media".