Bitcoin Nears New Highs Amid Speculation on Fed Rate Cuts Following Trump’s Comments
2025-07-10 17:00:56
Main Idea
Bitcoin reached a new all-time high of $112,599 amid speculation about Federal Reserve rate cuts following President Trump's public appeal for lower interest rates, with institutional demand and ETF inflows driving the rally.
Key Points
1. Bitcoin's price surged to a record $112,599, surpassing its previous high of $111,900, driven by renewed bullish sentiment.
2. President Trump's call for Federal Reserve rate cuts sparked speculation about future monetary policy, influencing crypto market dynamics.
3. Institutional demand and ETF inflows were key factors behind Bitcoin's rally, according to BitBull Capital CEO Joe DiPasquale.
4. Ethereum and Solana also saw significant gains, reflecting broader market optimism.
5. The Federal Reserve's interest rate policies historically impact crypto markets, with Trump's statements reigniting discussions on future policy direction.
Description
Bitcoin has surged to a new all-time high above $112,000, fueled by President Trump’s renewed calls for the Federal Reserve to cut interest rates. The cryptocurrency market is experiencing a
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