Bitcoin Breaks Above $91,000 as Fed Chair Hopes and Easing Prospects Boost US Tech Stocks
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
In a cabinet meeting, Trump signaled that former White House economic adviser Hassett could become the next Fed chair, fueling expectations of a potentially faster monetary easing cycle. The shift spurred risk appetite as the Bitcoin price briefly breached the $91,000 level, with US tech stocks rising in tandem.
A BiyaPay analyst cautioned that if easing bets strengthen, a combination of rate peaking and liquidity improvement could bolster the tech sector and crypto assets, while unexpected drops in employment or inflation data could heighten volatility.
To navigate the landscape, traders are advised to use a multi-asset account to diversify across US tech stocks, crypto assets, and money-market funds, limit leverage, and incrementally enter the market as conditions evolve.