However,
Trump wants fed decreasing rates::
A new summit for Bitcoin. After spending a large part of the last months above $ 100,000, Bitcoin recorded a new historic summit, reaching $ 113,800. For example, This increase comes when President Donald Trump has renewed his calls for the federal reserve to reduce interest rates. Moreover, On Truth Social. However, Trump stressed that the markets were “through the roof” and that the Fed should “quickly reduce rates to reflect this force”.
- Bitcoin reached a historic summit of $ 113. Therefore, 800, marking a notable increase while Donald Trump urged the federal reserve to reduce interest rates.
- Ethereum and Solana have also experienced significant increases, supported by a renewed institutional demand and a promising macroeconomic context.
Bitcoin reaches a new summit
The price of Bitcoin has reached a new historic summit. Meanwhile, of 113 800 $marking an increase of 3.5 % over the day. Nevertheless, This increase occurs after Trump has urged the federal reserve to lower interest rates. declaring that technological and industrial markets had reached record heights.
« Technological actions, industrial actions and NASDAQ have reached historical heights! The Fed should quickly reduce rates to reflect this force. The United States should be at the top of the list. No inflation! »
Source
Trump criticized the president of the Fed. Jerome Powell, not to have lowered interest rates, calling him “loser” and “stupid”. The Fed began to aggressively increase rates in 2022 to control inflation. but despite a drop in rates last year, it remains hesitant to reduce them more.
Ethereum and Solana follow the trend
Besides Bitcoin, other major cryptocurrencies have also experienced an increase. Ethereum reached almost $ 2,800, marking an increase of almost 5 %, while Solana increased by almost 2 %, trading at $ 157.
According to Joe Dipasquale. CEO of Bitbull Capital, ” The Bitcoin rally is powered by a mixture of strong entries in ETFs, a renewed institutional demand and a global risk -taking environment while investors anticipate trump wants fed decreasing rates: Fed rate drops ».
He added that ” On-chain data. positioning suggest that there is still room to run, so test levels beyond the previous ATH seems more and more likely ».
Bitcoin continues to surprise by reaching new heights, supported by a favorable macroeconomic context and increasing institutional demand. While Trump intensifies his pressure on the Fed for a reduction in rates. investors remain optimistic about the pursuit of the rise in Bitcoin. The cryptocurrency market, with Ethereum and Solana also increasing, seems ready to explore new territories.
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