Residence » Markets » Trump says Bitcoin and tech sigh level to US economy is motivate, urges Fed to lower rates
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Jul. 10, 2025
Trump beforehand stated he would reinforce a rate hike if inflation increases.
Key Takeaways
- Trump highlights surging US tech shares and Bitcoin as indicators of financial power.
- He urges the Federal Reserve to lower passion rates, crediting tariffs and change policies for the sigh.
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With tech shares soaring and Bitcoin hitting fresh highs, President Trump is renewing force on the central bank to ease monetary protection, framing market efficiency as a label of financial power.
JUST IN: 🇺🇸 President Trump stated crypto is “thru the roof” following Bitcoin’s fresh all-time excessive the day earlier than on the present time. pic.twitter.com/R2I3z6tt2N
— Crypto Briefing (@Crypto_Briefing) July 10, 2025
Bitcoin reached a fresh all-time excessive above $112,000 on Wednesday amid rising world ask for digital resources. The surge furthermore pushed the final crypto market capitalization motivate as much as $3.4 trillion, a peak final considered in June 2025.
No matter latest positive aspects, the final market rate is composed below the December 2024 file of $3.7 trillion. Bitcoin used to be shopping and selling at round $111,300 on the time of writing, per TradingView.
Trump has repeatedly entreated the Fed to lower passion rates, but markets watch shrimp likelihood of a lower earlier than September. The central bank has saved its benchmark rate in style at 4.25%–4.50% since December 2024.
Whereas policymakers indicated in June the potential of two cuts by the discontinuance of the one year, there used to be no settlement on near-term action.
Market pricing now displays less than a 7% likelihood of a rate lower on the upcoming July 29–30 assembly, in response to knowledge from CME FedWatch.
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