Bitcoin Reclaims $94K as Trump Targets Iran, Tariffs and Fed
US President Donald Trump used a January 13 Detroit speech to criticize Iran, opponents of his tariff policy, and Federal Reserve Chair Jerome Powell. He praised a recent military action against Venezuela, urged continued protests in Iran, labelled tariff opponents “pro-Chinese,” and repeated calls for lower interest rates, saying Powell “kills every rally.” Markets reacted with relative calm: Bitcoin (BTC) rose just over 2% in 24 hours, gaining roughly $2,500 since the US CPI release and crossing $94,000 for the first time in a week. The article links Trump’s comments and ongoing geopolitical developments with short-term upward pressure on BTC price, while noting broader policy and legal scrutiny over tariffs from the US Supreme Court.
Bullish
The immediate market reaction — BTC up ~2% and reclaiming $94K — indicates a bullish short-term response. Geopolitical tensions (Iran, Venezuela) and political rhetoric pressuring central bank policy tend to increase demand for macro hedge assets like Bitcoin. Trump’s calls for lower rates and criticism of the Fed can be interpreted by traders as dovish pressure on real yields, supporting risk assets. Similar past episodes (e.g., major geopolitical escalations or dovish central bank signals) have produced short-term BTC rallies as traders seek inflation or safe-haven exposure. However, this is likely a near-term effect: if tensions escalate into systemic risk or trigger liquidity shocks, the market could flip to risk-off. Also, legal/political developments on tariffs add policy uncertainty that may increase volatility. For traders: expect continued intraday and short-term upside with elevated volatility; use smaller position sizes, tighter risk controls, and watch macro calendar (CPI, Fed minutes, Supreme Court rulings) for potential reversals. Longer-term fundamentals remain tied to adoption, regulation, and macro rates rather than a single speech, so position sizing should reflect that.