Trump has 'no intention' of firing Jerome Powell as Bitcoin hits $94k, oil rises, gold falls

President Trump announced he has “no intention” of firing Federal Reserve Chair Jerome Powell, softening his stance on monetary policy and U.S.-China trade tariffs. This coincided with a 12% Bitcoin surge to $94,205 in six days, alongside rises in oil and U.S. equities (S&P 500, Dow, Nasdaq up ~2.5-2.7%), while gold fell. Treasury Secretary Scott Bessent hinted at potential tariff de-escalation, boosting markets. Bitcoin’s rally showed low correlation with traditional assets, driven by price acceptance rather than aggressive buying, with low trading volume and volatility signaling potential repricing risks. Global growth concerns and Fed policy pressures persist, while Bitcoin nears the $95,000 threshold, with its trajectory tied to trade policy and Fed autonomy. Show Less