Trump Hints at Possible Interest Rate Cut, Impacting Bitcoin Market Sentiment
Main Idea
US President Trump hinted at a possible interest rate cut, which has been interpreted by market participants as influencing risk appetite across financial markets, including Bitcoin.
Key Points
1. US President Trump commented on Federal Reserve Chairman Jerome Powell’s remarks on July 25.
2. Trump's comments were interpreted by market participants as suggesting a possible interest rate cut.
3. The potential rate cut could impact risk appetite across financial markets, including Bitcoin.
4. Bitcoin liquidation intensity could surge to $677M if the price drops below $116K.
Description
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$BTC
$117315.8
+1.73%
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