Despite rising inflation concerns, former president Donald Trump expressed confidence in the Federal Reserve’s ability to lower interest rates in September. This optimistic outlook was fueled by a recent PPI report suggesting continued price increases, prompting fears that the Fed might hold rates at 4.5%. Consequently, over $1 billion was liquidated from leveraged crypto markets within days, with long-term traders facing significant losses of more than $827 million, according to CoinGlass. This volatility highlights the delicate balance between economic uncertainty and bullish sentiment in the cryptocurrency market. Despite the recent downturn, overall market confidence remains positive. Bitcoin and Ethereum have experienced a rebound in price while institutional demand continues to grow with companies integrating crypto treasury strategies. Notably, Trump’s executive order granting 401(k) retirement plans permission to invest in cryptocurrency further bolsters this optimistic outlook. Traders now anticipate September’s Federal Reserve decision as a potential catalyst for the ongoing bull market.