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Alfred Gray
@alfredgray · Apr 23

Bitcoin at 7-week high thanks to Trump's easing of tariff stance

  • Bitcoin $BTCUSD gained 3.1% to $93,000, the highest since early March.

  • Investors were reassured by Trump's announcement of easing trade tariffs against China.

  • The fact that Trump backed off from pressuring Fed chief Powell also triggered a positive reaction.

  • The improving macroeconomic climate is supporting the growth of risk assets, including cryptocurrencies.

A community member's personal view, not investment advice. Community Guidelines

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Bill Combs @billcombs Apr 24

I am quite happy that the development is now stable and the price is going up. We'll see if it holds.

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Alfred Gray @alfredgray Apr 24

I'll be only too happy if you do :D

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Malcolm Stokes @stokes_malky Apr 24

What is very interesting is that Bitcoin is apparently no longer reacting to the current correction and is not falling like technology stocks.

AG
Alfred Gray @alfredgray Apr 24

I also noted...

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Nigel Thornton @_thornton Apr 24

The situation is really precarious, and the Powell thing surprised me. Trump says something one day and the next day it's the other way around.

AG
Alfred Gray @alfredgray Apr 24

you can't be sure of anything :D

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