Trump Demands Fed Rate Cuts—Could Bitcoin Be the Biggest Winner?
- Trump urges the Fed to slash interest rates amid rising China tariffs.
- Markets reel as Trump blames China and past U.S. leaders for economic abuse.
- Traders eye Bitcoin as a hedge against political chaos and policy pivots.
Bitcoin held relatively steady Monday near key support levels, even as President Donald Trump brought on a fiery rhetoric on social media regarding trade tariffs and Federal Reserve policy, fueling fresh debate about BTC’s role during macroeconomic uncertainty.
While Trump accused China of unfair tariff retaliation (citing a 34% hike) and insisted there’s “NO INFLATION” despite recent market turmoil, Bitcoin found its footing.
After dipping below $75,000 earlier Monday (hitting lows near $74,434), BTC climbed back to trade around $76,561 at press time. The crypto market overall had shed over $100 billion since April 1st due to tariff fears.
Trump’s “No Inflation” Claim and Pressure on Fed Could Boost Bitcoin
In his post, Trump mentioned oil, food, and interest rates are down and insisted there’s “NO INFLATION.” At the same time, he pressured the Fed to slash rates in response. “The slow-moving Fed should cut rates!” he w…
The post Trump Demands Fed Rate Cuts—Could Bitcoin Be the Biggest Winner? appeared first on Coin Edition.
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Trump Demands Fed Rate Cuts—Could Bitcoin Be the Biggest Winner?
- Trump urges the Fed to slash interest rates amid rising China tariffs.
- Markets reel as Trump blames China and past U.S. leaders for economic abuse.
- Traders eye Bitcoin as a hedge against political chaos and policy pivots.
Bitcoin held relatively steady Monday near key support levels, even as President Donald Trump brought on a fiery rhetoric on social media regarding trade tariffs and Federal Reserve policy, fueling fresh debate about BTC’s role during macroeconomic uncertainty.
While Trump accused China of unfair tariff retaliation (citing a 34% hike) and insisted there’s “NO INFLATION” despite recent market turmoil, Bitcoin found its footing.
After dipping below $75,000 earlier Monday (hitting lows near $74,434), BTC climbed back to trade around $76,561 at press time. The crypto market overall had shed over $100 billion since April 1st due to tariff fears.
Trump’s “No Inflation” Claim and Pressure on Fed Could Boost Bitcoin
In his post, Trump mentioned oil, food, and interest rates are down and insisted there’s “NO INFLATION.” At the same time, he pressured the Fed to slash rates in response. “The slow-moving Fed should cut rates!” he w…
The post Trump Demands Fed Rate Cuts—Could Bitcoin Be the Biggest Winner? appeared first on Coin Edition.
Read More
Thailand’s SET Imposes Emergency Rules: Short Selling Banned Apr 8-11