US President Donald Trump has publicly urged the Federal Reserve to lower interest rates at its upcoming meeting, citing JPMorgan Chase CEO Jamie Dimon’s reported view that Fed Chair Jerome Powell should reduce rates.
Potential Impact on Crypto:
If the Fed acts on this pressure and cuts rates, it could weaken the U.S. dollar and lower yields on traditional safe-haven assets. This environment often drives investors toward higher-risk, high-potential assets like cryptocurrencies. As a result, Bitcoin and other major cryptocurrencies could see increased buying interest and upward price momentum, as traders anticipate easier liquidity and a favorable shift in the macro landscape.
XRP
2.0816
+1.07%