Nasdaq at its peak... Pointing out BTC's all-time high
"US Federal Reserve, prioritize interest rate reduction"
);)
President Trump stated on his social media platform 'Truth Social' that cryptocurrency has "broken through the roof". At the time of his post, Bitcoin (BTC) had risen to $113,879 and finally broke through $116,000 on the morning of the 11th, setting a new record high.
Trump then emphasized that "Nasdaq, tech stocks, and industrial stocks have recorded all-time highs" and that "cryptocurrency has also surged, and America is back". He particularly highlighted his economic policy achievements by stating that "Nvidia rose 47% after Trump's tariffs".
President Trump used the surge in the US stock market and cryptocurrency as leverage to pressure the Federal Reserve. He claimed that "the United States has returned to being the world's top credit country" and that "the Federal Reserve's interest rates should reflect this reality. We should be at the top of the list".
Trump has been criticizing the Federal Reserve and Fed Chair Jerome Powell multiple times recently. On this day, he continued to pressure for interest rate reduction, pointing out that "saying it's too late undermines America's great credit".
Trump's message is interpreted as a strategy to link stock market gains and economic indicators to his leadership while pressuring the Federal Reserve.
Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr
