Bitcoin set another record above 116,100 at the time of writing, following President Trump's renewed calls for Federal Reserve rate cuts.
Trump posted on Truth Social that crypto markets were "through the roof" and tech stocks hit all-time highs.
The president demanded the Fed "rapidly lower rate to reflect this strength," citing no inflation concerns.
$BTC Bitcoin gained 5% on the day after breaking through previous resistance levels around 116,000.
BitBull Capital’s CEO expects further gains driven by ETF inflows and institutional demand in a risk-on environment.
Trump has repeatedly criticized Fed Chair Jerome Powell for maintaining higher rates despite economic rate cut pressure.
On-chain data suggests Bitcoin has room to run beyond current levels, though pullback risks remain.
