Trump pushes for interest rate cuts, claiming they are necessary for the recovery of the U.S. economy, but Powell remains steadfast against the idea.
The cryptocurrency community, which had hoped for rate cuts, is now fueled by optimistic narratives such as trade deals between the U.S. and China and technological advancements.
Despite the lack of rate cuts, the cryptocurrency market is thriving, with Bitcoin surpassing $105,000 and investor optimism increasing.
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