Investors weighed whether Trump would fire Fed Chair Powell, as reports conflicted with the president's latest comments.

Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.

After an earlier setback for the Trump administration when House Republicans failed to advance a key procedural vote on a package of legislation including three crypto measures, President Donald Trump said late Tuesday he has made a deal with Republican members of Congress to advance the legislation on Wednesday.

The GENIUS Act is good news for Ethereum because it is likely to ban competing yield-bearing stablecoins that often offer higher and simpler returns.

Donald Trump linked that DeFi project WLFI's native token might become tradable soon. The US President's crypto fortune slumped despite the new optimism. Donald Trump’s

Bitcoin (BTC-USD) gained 0.6% to $118K in Wednesday morning trading, lifting crypto-related stocks, after President Donald Trump said he persuaded some conservatives that were blocking a vote on crypto legislation to let the bills proceed.

What Happened: Taking to social media platform Truth Social, Trump said, “Happy Crypto Week! The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better!"

Its rise is comparable to that of gold during the first six months of the Republican presidency. BlackRock's ETF surpasses $80,000 in market capitalization, and Bitcoin alone exceeds the market value of Amazon,

Ric Edelman, founder of The Digital Assets Council Of Financial Professionals, explains how Bitcoin keeps pushing upward.

House Republican leaders’ plan to pass three industry-backed crypto regulatory measures appeared to be back on course Tuesday night after President Donald Trump said he had convinced holdout conservatives to move forward with the legislation.