Categories: Crypto

Trump says Bitcoin and tech boom show US economy is back, urges Fed to cut rates


Key Takeaways

  • Trump highlights surging US tech stocks and Bitcoin as signs of economic strength.
  • He urges the Federal Reserve to cut interest rates, crediting tariffs and trade policies for the boom.

Share this article

With tech stocks soaring and Bitcoin hitting fresh highs, President Trump is renewing pressure on the central bank to ease monetary policy, framing market performance as a sign of economic strength.

https://twitter.com/Crypto_Briefing/status/1943318955143090197?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer

Bitcoin reached a new all-time high above $112,000 on Wednesday amid increasing global demand for digital assets. The surge also pushed the overall crypto market capitalization back up to $3.4 trillion, a peak last seen in June 2025.

Despite recent gains, the total market value is still below the December 2024 record of $3.7 trillion. Bitcoin was trading at around $111,300 at the time of writing, per TradingView.

Trump has repeatedly urged the Fed to lower interest rates, but markets see little chance of a cut before September. The central bank has kept its benchmark rate steady at 4.25%–4.50% since December 2024.

While policymakers indicated in June the potential for two cuts by the end of the year, there was no agreement on near-term action.

Market pricing now reflects less than a 7% chance of a rate cut at the upcoming July 29–30 meeting, according to data from CME FedWatch.

Share this article



Source link

Adam Forsyth

Share
Published by
Adam Forsyth

Recent Posts

Best cryptocurrency to invest in 2025

Bitcoin just broke its all-time high less than 24 hours ago, and altcoins are starting…

36 minutes ago

Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the…

41 minutes ago

Best Prime Day book deal: Get 3 books for the price of 2

GET 3 BOOKS FOR THE PRICE OF 2: As of July 10, get 3 books…

50 minutes ago

Bitcoin Smashes Through $117K on Bitstamp

Bitcoin blasted through a fresh all-time high today, touching $117,000 on Bitstamp during a powerful…

52 minutes ago

T-Rex files for 2X leveraged TRON ETF

Key Takeaways T-Rex Group filed for a leveraged ETF targeting 200% of TRON's daily performance.…

2 hours ago

Bitcoin price hits new ATH near $114k but holders keep BTC off exchanges

Bitcoin price hit a record $113,923, driving altcoins higher. Despite the new BTC peak, exchange…

2 hours ago