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07/12 01:01

Bitcoin Reaches All-Time High as Trump Pressures F

Bitcoin Reaches All-Time High as Trump Pressures Fed to Cut Rates Again

Bitcoin soared to a new all-time high of $113,788 on Thursday, fueled by renewed pressure from President Donald Trump on the Federal Reserve to cut interest rates amid a surge in cryptocurrency and stock markets.

Bitcoin soared to $113,788 on Thursday, according to BNC data, marking a new all-time high and continuing an impressive rally that has seen the world’s largest cryptocurrency break out of its recent sideways range. The price has gained 3.5% on the day. Now is the time to buy Bitcoin and other cryptocurrencies as a bullish trend begins.

Bitcoin entered price discovery mode on Thursday, hitting new all-time highs.  Source: BNC Bitcoin Liquid Index

The surge coincides with an active stance by President Trump, who has taken to his Truth Social platform touting the performance of digital assets and stocks and calling on the Federal Reserve to cut interest rates.



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