Bitcoin and Gold Surge Amid Political Uncertainty as TradFi Giant Charles Schwab Eyes Crypto Market

Bitcoin and gold have reached new highs as political and economic uncertainties drive investors toward safe-haven assets. Meanwhile, traditional finance giant Charles Schwab is preparing to enter the crypto trading space by 2026, signaling growing institutional adoption.

Bitcoin and Gold Hit Highs as Trump Considers Firing Powell

Bitcoin reached a post-’Liberation Day’ high with a 3% rise, erasing losses from April 2 when Trump announced new tariffs. Gold also hit an all-time high as investors sought safer havens. U.S. stock futures fell and the dollar hit its lowest since January 2024 after a comment from Kevin Hassett that Trump was studying whether he could fire Powell.

TradFi Turns to Crypto: Charles Schwab Plans 2026 Crypto Trading Debut

Charles Schwab, a top US brokerage firm, plans to launch a cryptocurrency trading platform in 2026. The move follows a 400% increase in traffic to its crypto articles, with 70% of visitors representing potential new customers. This signals growing mainstream adoption of digital currencies and may reshape the crypto exchange landscape.

Bitcoin Price Surges Towards $90K, Experts Predict $150K

Bitcoin surged nearly 5% on Sunday, driven by a weakening dollar and rising monetary stimulus. Technical indicators show momentum, with some experts predicting a $150K price target this year. The price increase was fueled by macroeconomic shifts, including rising global liquidity and interest rate cuts in Europe.

Bitcoin’s ‘Falling Wedge’ Pattern May Signal Disappointment

Bitcoin’s chart shows a ’falling wedge’ pattern, traditionally seen as bullish. However, respected chartist Xanrox warns that the context is different this time, as the pattern is appearing after a long rally, potentially signaling exhaustion rather than strength. Bitcoin is also trading below major moving averages, adding to bears’ concerns.

WazirX Aims Mid-May Restart After $235M Hack

WazirX, hit by a $235 million hack, plans to restart operations mid-May. Indian crypto investors eagerly await the return. The Zettai team announced key dates for the first distribution of lost crypto assets. India’s Supreme Court dismissed a petition by hack victims due to regulatory ambiguity. Bitcoin, trading at $61,000 when WazirX was hacked, reached $109,000 in January 2025.

Crypto Market Rallies, Bitcoin Hits 45-Day Peak

The cryptocurrency market capitalization surpassed $2.8 trillion on Monday, with Bitcoin reaching a 45-day high of $87,600. The rally was fueled by demand for alternative cryptocurrencies and gold as investor confidence in USD-denominated assets wobbled. BTC outperformed top altcoins like BNB, XRP, and Solana, while Tron traded in the red. Global news insights suggest that crypto benefited from capital displaced from USD-denominated assets.