Key dealers
- Trump highlights growing US technical shares and bitcoin as signs of economic strength.
- He urges the Federal Reserve to lower interest rates, credit customs duties and trade policy for Boom.
With technical shares that raised and Bitcoin hits new heights, President Trump renews pressure on the central bank to facilitate monetary policy and frame the market result as a sign of economic strength.
Just in: 🇺🇸 President Trump said crypto is “through the roof” after bitcoin new all-time high yesterday. pic.twitter.com/r2i3z6TT2N
– Crypto briefing (@crypto_briefing) July 10, 2025
Bitcoin reached a new highest time Over $ 112,000 on Wednesday in the middle of increasing global demand for digital assets. The surge also pushed the overall crypto market value up to $ 3.4 trillion, a peak that last seen in June 2025.
Despite recent profits, the total market value is still under the record in December 2024 of $ 3.7 trillion. Bitcoin traded to about $ 111,300 at the time of writing, per tradingview.
Trump has repeatedly urged the Fed to lower interest rates, but the markets see little chance for a cut before September. The central bank has kept its benchmark interest rate stable at 4.25% –4.50% since December 2024.
While decision makers in June suggested the potential for two cuts at the end of the year, there was no agreement on measures in the short term.
Market prices now reflect less than 7% chance of an interest rate at the upcoming meeting July 29-30, according to data From CME FEDWatch.
