Bitcoin Hits Another All-Time High Price After Trump Renews Rate Cut Push
2025-07-10 17:02:30
Main Idea
Bitcoin reached a new all-time high price of $112,599, driven by crypto-friendly statements from President Trump urging the Federal Reserve to cut interest rates, while analysts anticipate further gains.
Key Points
1. Bitcoin surged to a record high of $112,599, up 3.5% on the day, surpassing its previous peak of around $111,900 set in late May.
2. President Trump called for the Federal Reserve to lower interest rates, citing strong market performance and claiming there is 'NO INFLATION.'
3. Analysts suggest Bitcoin's rally is fueled by expectations of Fed rate cuts and strong investor interest, with further gains likely.
4. Other major cryptocurrencies, including Ethereum and Solana, also saw price increases, with Ethereum rising nearly 5% and Solana up 2%.
5. Despite recent gains, the market remains vulnerable to sharp pullbacks if sentiment shifts.
Description
Bitcoin is flying again, setting a fresh record above $112,000 after President Trump urged the Fed to again lower interest rates.
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