Bitcoin Soars as Trump Urges Fed Rate Cut

Bitcoin experienced a significant price surge, reaching its highest point in ten weeks at $97,483, following former US President Donald Trump’s call for the Federal Reserve to reduce interest rates. This move comes amidst growing market volatility and substantial institutional activity, with Bitcoin ETFs seeing their biggest inflows ever. BlackRock led the charge, attracting a record $1.5 billion in investments for its cryptocurrency fund during 2025.