Trump urges to lower the federal interest rate, boosting Bitcoin to $100,000
Main Objectives:
Trump criticizes Powell's stance on interest rates, impacting the markets.
Bitcoin surpasses $100,000 amid pricing policy tensions.
Market speculation shows potential interest rate cuts.
Trump urges to lower the federal interest rate, boosting Bitcoin to $100,000
The rise of Bitcoin to over $100,000 indicates its increasing resilience in traditional market dynamics. This event underscores the cryptocurrency's evolving independence and the community's focus on technological advancement and adoption beyond geopolitical influences.
President Trump publicly pressured Powell to lower interest rates, describing them as "necessary for economic recovery." Powell resisted, choosing to keep interest rates steady, aligning with market expectations and coinciding with Bitcoin's surge exceeding $100,000.
