Former St. Louis Fed President Bullard said he expects the Federal Reserve to cut interest rates in September, also mentioning the possibility of deregulation, while remaining optimistic about the U.S. economy.

As soon as this news broke, the market immediately surged, feeling like it added fuel to crypto, especially for blue-chip coins like Bitcoin and Ethereum, as expectations of rate cuts could stimulate capital inflows. Combined with the $750 billion trade agreement finalized between the EU and the U.S. earlier today, the signals for global liquidity easing are getting stronger. Personally, I believe this could drive up BTC prices, potentially breaking through the $115k mark in the short term.

However, don't get too FOMO, remember that the Fed's meeting minutes from yesterday repeatedly mentioned the risks of stablecoins, and if Powell's speech on Friday leans hawkish, the risk of a pullback still exists. I recommend everyone keep an eye on real-time updates on X and be ready to add to ETH positions at lower points.