Bitcoin Updates: Trump Urges Rate Cuts While Fed Remains Cautious—Bitcoin Drops Into Bear Market
- Trump pressures Fed for aggressive rate cuts, joking about firing Bessent if rates remain high, risking policy instability. - Bitcoin enters "most bearish" phase with Bull Score at 20/100, price below $102,600 as institutional demand wanes. - Fed chair replacement process nears conclusion, with potential impacts on crypto markets and global capital flows. - India debates stablecoin regulation while Leverage Shares plans 3x crypto ETFs, reflecting volatile market dynamics. - Bitcoin's $200,000 trajectory
Trump's Discontent With Fed Interest Rates Triggers
U.S. President Donald Trump has intensified his criticism of the Federal Reserve, jokingly threatening to dismiss Treasury Secretary Scott Bessent if interest rates are not cut more swiftly. Speaking at a U.S.-Saudi investment forum in Washington, Trump remarked, "The only thing Scott's messing up is the Fed... if you don't sort it out soon, I'll have to let you go,"
At the same time, Bitcoin has entered what on-chain experts call the "most bearish" stage of its ongoing bull run. CryptoQuant reports that
This negative outlook stands in contrast to Trump's advocacy for rapid monetary easing, which could indirectly shape Bitcoin's future. Trump has consistently criticized Fed Chair Jerome Powell and suggested he may appoint a more dovish replacement, though
Separately, India's government is weighing a regulatory framework for stablecoins, diverging from the Reserve Bank of India's (RBI) more conservative approach.
Amid these regulatory changes, new financial products are being introduced to take advantage of crypto's price swings.
As Trump pursues changes at the Fed and global regulatory discussions continue, Bitcoin's journey toward the $200,000 mark—a once popular prediction—now seems increasingly dependent on broader economic stability and institutional backing. With crucial technical support near $90,000 and no obvious catalysts in sight, the market faces a precarious balance between further declines and possible recoveries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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