Trump Issues Serious Fed Warning As $4.1 Trillion Crypto Price Boom Ignites Bitcoin, Ethereum And XRP
Main Idea
The crypto market surged to an all-time high of over $4.1 trillion following positive U.S. inflation data, with Bitcoin, Ethereum, and other cryptocurrencies experiencing significant gains amid expectations of a Federal Reserve rate cut.
Key Points
1. The crypto market reached an all-time high of over $4.1 trillion, driven by an on-target U.S. inflation report that reassured investors.
2. Bitcoin approached $121,000, Ethereum neared its all-time high of $5,000, and other cryptocurrencies like Solana and Dogecoin saw double-digit gains.
3. U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, accusing him of causing 'incalculable' damage by being 'Too Late' in policy adjustments.
4. Markets are pricing in a 96% likelihood of a 25 basis point Fed rate cut in September, which could further influence crypto prices.
5. Analysts suggest the crypto market may experience range-bound trading in the short term, with limited upside until clearer Fed policy signals emerge.
Description
Traders are braced for the latest U.S. inflation data that could unleash enthusiasm for risk assets if price pressures are seen to be easing...
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