Bitcoin has seen a rise to $109,343 on July 9, increasing by 0.8% over the last 24 hours based on CoinDesk Research’s technical analysis. In a post on Truth Social at exactly 10:00 a.m. ET, Trump claimed that the U.S. federal funds rate is “at least 3 points too high,” suggesting a need for a dramatic cut of 300 basis points. He argued that such a delay imposes an annual burden of $360 billion in refinancing fees. Just 30 minutes later, BTC began to climb steadily, reflecting traders’ expectations regarding this significant policy change, which might lead to enhanced liquidity and a shift towards riskier investments.

Key Statistics:

• The cryptocurrency’s price spiked rapidly after Trump’s comments.
• Analysts from The Kobeissi Letter indicated that a rate cut could elevate the S&P 500 to 7,000 and push gold prices to $5,000.
• They also cautioned about inflation risks exceeding 5% and a possible 25% increase in U.S. housing prices.

Bitcoin’s anticipated behavior in response to reduced interest rates highlights its role as a safeguard for capital inflow into hard assets. Despite ongoing debates regarding the feasibility of such cuts, the immediate market response suggests investors are positioning for positive outcomes.