BITPRISMIA
Bitcoin and Ethereum prices surged following a call by US President Donald Trump for an aggressive Federal Reserve rate cut, with Bitcoin hitting a new all-time high.
Former U.S. President Donald Trump highlighted the strong performance of the cryptocurrency market and its growth drivers, while also discussing broader economic factors like Federal Reserve rates and the AI boom exemplified by Nvidia's stock.
Alberto Musalem, President of the Federal Reserve Bank of St. Louis, acknowledges stablecoins as a significant innovation with transformative potential in digital payments, emphasizing the need for clear regulatory frameworks.
The U.S. Federal Reserve is highly unlikely to cut interest rates in July 2025, with market odds at 93.3%, while expectations for a potential rate cut in September are gaining traction.
U.S. Senator Cynthia Lummis has called for Federal Reserve Chair Jerome Powell's resignation, citing his unfitness to lead the Fed, which has significant implications for monetary policy and the cryptocurrency market.
Former U.S. President Donald Trump has called for a significant reduction in the Federal Reserve's interest rates, suggesting they should be much lower than current levels, which has sparked discussions about its potential impact on the economy and the cryptocurrency market.
Donald Trump suggests that following his recommendations could save the US $360 billion per year in interest payments, with potential savings of $174 billion in the first year by refinancing 20% of the debt.
The US Dollar is strengthening due to expectations from the Fed minutes and its safe-haven status, while the Euro faces challenges from trade tensions and economic divergence in the Eurozone.
Former U.S. President Donald Trump has publicly demanded immediate interest rate cuts from Federal Reserve Chairman Jerome Powell, citing potential economic benefits, while the Fed maintains its independent stance focused on long-term stability.
Donald Trump has called for Federal Reserve Chairman Jerome Powell to resign immediately, reigniting discussions about the relationship between political figures and the Federal Reserve's independence.