US President Donald Trump has reassured Federal Reserve Chair Jerome Powell that he has no intention of firing him, easing concerns over the central bank’s autonomy. This news boost sent bitcoin prices surging by 3% before trimming some gains to $93,804 at 7:28 a.m. in London on Wednesday. Smaller cryptocurrencies like Ether, XRP, and Solana also saw significant increases in value following Trump’s comments.
Source: https://www.bloomberg.com/news/articles/2025-04-23/bitcoin-btc-climbs-higher-as-trump-seeks-to-ease-trade-fed-tension