U.S. President Donald Trump took to Truth Social to celebrate surging markets, placing a particular spotlight on the booming crypto sector.
In a post on Wednesday, Trump declared that cryptocurrencies are “through the roof,” alongside tech stocks and the broader Nasdaq index reaching record highs. The comments come as Bitcoin shattered a new all-time high, briefly trading above $112,000 for the first time in history.
Trump attributed the market rally to his administration’s economic policies, specifically pointing to the 47% rise in Nvidia stock since the implementation of new tariffs. “USA is taking in Hundreds of Billions of Dollars in Tariffs,” he wrote, proclaiming that the country is now “BACK” and calling on the Federal Reserve to “rapidly lower” interest rates to reflect what he described as economic strength and the absence of inflation.
The crypto market, in particular, has been on a tear. Bitcoin’s latest breakout above $112K comes on the heels of increasing institutional adoption, growing interest in Bitcoin ETFs, and a surge in global liquidity. Ethereum also saw renewed momentum, rising above $2,700, while altcoins followed with strong gains across the board.
Trump’s post comes at a time when sentiment around crypto assets has reached a fever pitch. With inflation cooling and risk appetite returning, investors are flocking back into digital assets. Trump’s pro-market messaging and emphasis on U.S. strength could further energize the crypto community, especially as regulatory uncertainty starts to wane ahead of the 2025 election.
Whether Trump’s bold rhetoric aligns with the Fed’s more cautious monetary stance remains to be seen, but one thing is clear: crypto is once again at the center of America’s economic and political conversation.
Alexander Stefanov
Reporter at Coindoo
Alex ist ein erfahrener Finanzjournalist und Krypto-Enthusiast. Mit mehr als 8 Jahren Erfahrung in der Berichterstattung über die Krypto-, Blockchain- und Fintech-Branchen ist er mit der komplexen und sich ständig weiterentwickelnden Welt der digitalen Vermögenswerte bestens vertraut. Seine aufschlussreichen und zum Nachdenken anregenden Artikel vermitteln den Lesern ein klares Bild von den neuesten Entwicklungen und Trends auf dem Markt. Sein Ansatz ermöglicht es ihm, komplexe Ideen in leicht verständliche und aufschlussreiche Inhalte zu zerlegen. Verfolgen Sie seine Veröffentlichungen, um über die wichtigsten Trends und Themen auf dem Laufenden zu bleiben.
Source: https://coindoo.com/trump-celebrates-crypto-boom-as-bitcoin-recently-hit-a-new-record/