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Bitcoin surpasses Google in market cap as crypto breaks out against tech and key benchmarks.

“Bitcoin is continuing to show signs of its own decoupling away from equity markets,” one watcher said.

(Bloomberg) -- Bitcoin continued to climb after US President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell, easing concerns over the central bank’s autonomy.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe largest cryptocurrency rose about 3% befor

Nearly $530 million in shorts, or bets on lower prices, booked losses amid a general unwinding of leveraged bets.

Crypto power players back $3B bitcoin SPAC as Trump-era policies spark new wave of institutional bets.

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules of the road that Securities and Exchange Commission Chairman Paul Atkins will work on providing. "He's the perfect man to lead this agency at a time when crypto innovators are urgently in need of and they want so badly, they want it to happen, regulatory certainty and clear rules of the road," Trump said, speaking at Atkins' swearing in as the SEC chairman.

Bitcoin has been showing resilience amidst global economic concerns, particularly the ongoing U.S.-China trade tensions.