Here’s Why The Bitcoin And Ethereum Prices Are Surging Today
2025-07-11 03:39:46
Main Idea
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.
Key Points
1. Bitcoin surged past $112,000, setting a new all-time high after Trump's rate cut call.
2. Ethereum also rallied, gaining about 5% to $2,746, following Bitcoin's upward momentum.
3. Trump's unexpected statement acted as a macroeconomic catalyst, reversing downward pressure on Bitcoin.
4. Other cryptocurrencies like Cardano and XRP also saw gains between 4% and 6%.
5. Bitcoin's price retraced slightly to around $111,173, reflecting a 2.21% increase in the past 24 hours.
Description
The cryptocurrency market has witnessed a sharp rally, led by Bitcoin (BTC) and Ethereum (ETH), after a surprising macroeconomic catalyst . Reports reveal that following US President Donald Trump’s urgent call for an aggressive rate cut, the price of BTC and ETH, as well as several other cryptocurrencies and stocks, skyrocketed. Bitcoin Hits New ATH After Trump’s Rate Cut Call On June 9, Trump took to Truth Social to call for a significant cut to the Federal Reserve (FED) Interest rate . Conside...
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