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Just last week, President Donald Trump voiced his optimism that the Federal Reserve would soon start cutting interest rates after a private meeting with Chair Jerome Powell. However, upon the central bank’s decision to leave interest rates unchanged, things took a drastic turn on Thursday, July 31. Namely, the Federal Reserve kept its benchmark rate at 4.25–4.5%, citing the need for more economic data before making any cuts.  The crypto market reacted negatively following the news, with over $150 billion in market value wiped out in a day, falling from $3.89 trillion to $3.74 trillion.  Crypto market cap. Source: CoinMarketCap Cryptocurrencies see multi-week lows In the aftermath, Bitcoin (BTC) dropped as low as $114,400, its lowest price in three weeks, while Ethereum (ETH) dropped 4.94% to $3,628. Something similar happened in April, when Trump announced his first tariff increases. At the time, Bitcoin plunged to a five-month low within days ...

A trading expert is projecting that Bitcoin (BTC) could spike by almost 50% by August 2025, based on the asset’s long-term bullish trend. According to an Analysis by TradingShot , the possibility of Bitcoin reaching $140,000 by August is based on the fact that the digital currency has completed a critical “Triple Cluster Support” rebound on its weekly chart. In an X post on April 25, TradingShot noted that the rebound, which pushed Bitcoin toward the $95,000 resistance, occurred at three major technical levels: the 50-week moving average (MA), the former record high trendline, and the higher lows zone of the bull cycle.  Historically, rebounds at these levels have often triggered Bitcoin’s strongest parabolic rallies. Furthermore, the analyst suggested that this move could initiate the final parabolic rally of the current cycle.  Bitcoin price analysis chart. Source: TradingView/TradingShot To this end, the expert asserted that ...

The current president-elect, Donald Trump, is leaving no stone unturned to bolster the US dollar. Trump is ready to put in efforts, planning strategic tariff cuts and reductions to ensure that countries diligently continue to support the US regency. But in an alternate scenario, Trump’s overprotective streak when it comes to the US dollar may backfire, ultimately leading the dollar to invite trouble. Here’s how it all may unravel. Also Read: Ripple: XRP On Track To Claim $10 – Here’s How Donald Trump and His Grandiose US Dollar Protection Plans Source: iStock The US dollar is currently a trending topic within the Trump leadership. Trump has unveiled massive plans to protect the US dollar, primarily through the deployment of extensive tariffs on nations moving away from the dollar. In one of his earlier interviews, the president-elect unveiled plans to impose tariffs on nations, particularly the BRICS bloc, who have reportedly been planning on ditching the US dollar in the long hau...