Bitcoin’s price climbed above $91,000 on Tuesday, marking its first surge past that level in 50 days.
This rally was driven by a combination of political factors and institutional demand, with President Trump’s criticism of Federal Reserve Chair Jerome Powell contributing to market volatility and prompting a shift of capital into cryptocurrencies.
Over the weekend, Trump criticized Powell for “politicizing rate policy” and “sabotaging economic momentum,” comments that unsettled equity and bond investors already dealing with uncertainty over future interest rate decisions.
Trump reiterated his criticism on Monday during a press conference, where he said, “Powell should do the rate cuts because the European Central Bank has cut interest rates. I’m not happy with him—I let him know it. If I want him out, he’ll be outta there real fast. Believe me.”
Powell has insisted that he plans to finish his term as Federal Reserve Chair, which is scheduled to end on May 15, 2026.
The impact of Trump’s remarks was immediate. The US Dollar Index dropped to a three-year low, briefly reaching 97.923 against a basket of major currencies.
At the same time, US government bonds faced pressure as investors sold off traditional safe-haven assets.
The yield on the 10-year Treasury note rose above 4.4%, signaling increasing investor concerns about political interference in monetary policy.
In contrast, Bitcoin rose over 5% in the last 48 hours, driven by a renewed risk appetite in the crypto sector.
Analysts highlight a “flight-to-alternative-assets” trend, with spot Bitcoin ETFs in the US seeing net inflows of $381 million over the past week.
This marks the highest single-day inflow since January 2025. According to FarSide data, Ark Invest’s ARKB accounted for the largest portion, with $116 million in inflows.
Investor sentiment was further strengthened by the appointment of Paul Atkins as the new Chair of the US Securities and Exchange Commission. Known for his market-liberal stance and past criticism of overregulation, Atkins’ confirmation signals a potential shift in US crypto oversight.
