Bitcoin hits 10-week high at $97,483 amid Trump’s demand for Federal Reserve rate cuts.
- Bitcoin price hits a 10-week high following rate cut demand.
- Bitcoin price increases linked to Trump’s rate cut call.
- BlackRock’s ETF sees the largest 2025 inflow at $1.5 billion.
Bitcoin has surged over 3% to its highest level in 10 weeks, reaching $97,483, as former US President Donald Trump pressures the Federal Reserve for a rate cut.
The surge in Bitcoin prices underscores increased market volatility and institutional activity, with significant ETF inflows intensifying interest and liquidity in cryptocurrency markets.
Bitcoin Hits 10-Week High Following Trump’s Rate Comments
The cryptocurrency market saw significant movement as Bitcoin surged to $97,483, a 10-week high. Former President Trump criticized Fed Chair Jerome Powell for maintaining high interest rates, calling for urgent economic adjustments. In his words, “Torches Fed Chair Jerome Powell for refusing to cut rates — and hints his termination ‘can’t come fast enough.'”
Trump’s demand for a rate cut comes as Bitcoin and Ethereum ETFs drew substantial inflows, particularly from BlackRock, boosting market confidence and driving Bitcoin prices upward.
BlackRock ETF Inflows Hit Year High Amid Surging Bitcoin
Bitcoin’s price increase reflects amplified market optimism and the role of institutional players like BlackRock whose ETF recorded a year-high intake. This trend signals a potential rise in liquidity and stability in the spot market.
The political pressure from Trump introduces a potential shift in economic policy, influencing not only financial markets but also broader economic perspectives, challenging Jerome Powell’s current stance on interest rates.
Bitcoin Rally Mirrors Historic Rebounds During Political Strain
This rally mirrors past instances where Bitcoin saw strong rebounds after periods of political tension, suggesting an established pattern of recovery amidst market stress. Data supports Bitcoin’s response to political and economic uncertainty.
Historical trends imply that surpassing major psychological price levels results in momentum-driven rallies. With ETF inflows supporting volatility and engagement, Bitcoin might test new historical high ranges based on present dynamics.
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