Presidential Statements Coincide with Bitcoin Breaking Above $100,000
U.S. President Donald Trump on Thursday urged Americans to “go out and buy stocks now,” while simultaneously renewing pressure on Federal Reserve Chair Jerome Powell to cut interest rates. The president’s statements coincided with a historic moment in the cryptocurrency market — Bitcoin finally crossed the $100,000 mark, rising above this level for the first time in more than three months. Ethereum also showed growth, breaking above $2,000 after more than a month of range-bound trading. Trump’s words appear to have provided additional momentum to both traditional and cryptocurrency markets.
Trump’s Market Commentary and Fed Tensions
In his Thursday remarks, Trump emphasized that a rate cut from the Fed would act like “jet fuel” for markets. The president also noted that “Powell probably not in love with me,” reviving long-standing tensions between them. These comments are a continuation of the complex relationship between Trump and the Fed Chair, which was observed during his first presidential term.
“President Trump continues to break the long tradition of White House non-interference in Fed policy,” comments Marina Sokolova, political analyst and expert on the American economy. “His public pressure on Powell regarding rate cuts can have a dual effect — on one hand, it can boost market optimism, on the other, it creates risks for the central bank’s independence.”
In addition to comments about interest rates, Trump also touted falling oil prices, framing the current market environment as ripe for risk-on investing. Such statements from a sitting president, especially ahead of a possible re-election, can have a significant impact on investor sentiment.
“It’s unusual to see a president directly advising citizens to buy stocks,” notes Alexei Petrov, professor of finance at the University of Chicago’s School of Economics. “Although historically presidents have always been interested in strong markets, direct calls to purchase assets carry certain risks, especially if they’re followed by a correction.”
Investors and analysts are closely watching how the relationship between Trump and the Fed develops, as it could have long-term implications for U.S. monetary policy and, consequently, for global financial markets.
Cryptocurrency Market Response and Technical Analysis
Bitcoin breaking the $100,000 mark represents a significant psychological and technical milestone. At the time of publication, the first cryptocurrency was trading at $100,317.61, up 3.82% compared to the previous 24 hours, according to Kraken data.
“Bitcoin’s breakthrough above $100,000 has enormous significance not only from a technical but also from a fundamental perspective,” explains Dmitry Volkov, senior cryptocurrency market analyst at InvestTech Research. “It confirms Bitcoin’s status as a legitimate macroeconomic asset that responds to statements from top officials and changes in the monetary policy of key countries.”
Ethereum also demonstrated strong growth, rising above the $2,000 level that had contained the price for more than a month. At the time of writing, the second-largest cryptocurrency by market capitalization was trading at $2,038.75, up 2.5% from the previous day.
Technical analysts note that breaking above key resistance levels could open the path to further growth for both Bitcoin and Ethereum. The increase in trading volumes during this breakthrough is also seen as a positive signal, confirming the strength of the upward movement.
“We’re observing a classic scenario where macroeconomic factors coincide with technical prerequisites,” adds Volkov. “Trump’s statements came just at the moment when Bitcoin was testing key resistance at the $100,000 level, which led to a successful breakthrough.”
Rate Cut Expectations and Market Outlook
Traders are increasingly betting that interest rate cuts could come as soon as July, especially after the Federal Reserve held rates steady this week. The CME FedWatch Tool shows growing probability for cuts in the second half of 2025.
“Markets are beginning to price in at least two Fed rate cuts by the end of the year,” comments Elena Ivanova, chief economist at investment bank Global Markets. “Data on inflation and the U.S. labor market are showing signs of slowing, which creates prerequisites for a softer monetary policy from the Fed.”
Interest rate cuts are traditionally viewed as a positive factor for risk assets, including stocks and cryptocurrencies. Lower rates reduce the attractiveness of fixed-income instruments and encourage investors to seek higher returns in other asset classes.
“If we do see a rate cut in July, it could become a catalyst for a new wave of rallies in both the stock and cryptocurrency markets,” predicts Ivanova. “This is especially relevant for the technology sector and Bitcoin, which historically have shown a strong positive correlation with liquidity in the system.”
Trump’s comments about falling oil prices also play an important role in shaping market expectations. Declining energy prices can contribute to further reduction in inflation, which in turn creates space for a softer monetary policy from the Fed.
Experts, however, caution against excessive optimism, pointing to persistent inflationary risks and geopolitical tensions that could adjust the current positive scenario. Nevertheless, the current combination of presidential rhetoric, Fed actions, and technical factors creates a favorable environment for risk assets in the short term.
As the situation develops, investors will closely monitor macroeconomic data, further statements from Fed representatives, and of course President Trump, whose rhetoric has already demonstrated the ability to significantly influence market sentiment.