š Bitcoin Soars Past $109K as Trump Demands āBiggest Rate Cut EverāāHereās Why It Matters
Bitcoin just smashed through another psychological barrierāand this time, it's got political fireworks fueling the rally.
The Trump Factor: Former President Trump's call for the Fed to slash rates at historic levels sent shockwaves through traditional markets. Crypto? It barely blinked before charging higher.
Macro Meets Digital Gold: With institutional traders now treating BTC as a macro hedge, every whiff of monetary chaos becomes rocket fuel. The $109K breakout suggests they're betting on more than just rate cutsāthey're pricing in full-blown dollar decay.
Wall Street's Ironic Dilemma: The same banks crying 'bubble' are quietly accumulating positions through ETFs. Nothing screams 'hypocrisy' like shorting the dollar while lobbying against its competition.
One thing's clear: When fiat systems stutter, Bitcoin doesn't just walkāit sprints. And this race is just getting started.
BTCUSD. Source: TradingView