📈 Bitcoin Price Rally Pauses at $103K as Trump Issues New Updates on Russia War and Rate Cuts
Bitcoin price finds steady support at the $103,110 mark on Saturday, May 17 after Trump’s bold policy statements provided directional hints around Fed cuts and geopolitical risks.
Bitcoin (BTC) paused its strong May rally on Friday, closing marginally lower at $103,110 after hitting intra-day highs of $103,677.
The cooling momentum comes amid a flurry of updates from U.S. President Donald Trump, who reignited both macroeconomic and geopolitical discussions.
His remarks underscored renewed pressure on the central bank ahead of its June meeting.
Bitcoin, which has historically shown sensitivity to shifts in interest rate outlooks, reacted by flattening out gains from earlier sessions.
The day’s modest retreat followed a week of gains exceeding 7%, driven by speculation of looser monetary policy under a Trump-led White House comeback.
Adding to investor hesitation were Trump’s planned calls with Vladimir Putin and Volodymyr Zelenskyy, intended to broker a ceasefire in the ongoing Russia-Ukraine conflict.
With volatility back on the rise and Trump re-entering the global policy arena, Bitcoin traders are entering a period of heightened uncertainty.
Next week’s scheduled call between Trump and Putin, should it proceed, could impact risk assets across the board, including BTC.