On July 10, 2025, former U.S. President Donald Trump reignited market chatter by calling for aggressive interest rate cuts and praising the explosive rise in crypto markets.
Crypto and Trade at the Heart of Trump’s New Economic Vision
Trump, who has increasingly branded himself as a pro-crypto candidate, declared that the U.S. economy is “back” and stronger than ever. In a capitalised post that echoed his signature rhetoric, Trump hailed surging tech stocks, booming industrials, and particularly noted that **“CRYPTO HAS EXPLODED.”** He added that NVIDIA had risen 47% since the implementation of his trade tariffs and claimed the U.S. was collecting “hundreds of billions” in duties.
Rate Cut Speculation Intensifies as BTC Holds Strong
The market responded swiftly. Bitcoin remained elevated at around **$111,000**, and CME’s FedWatch tool showed a **6.7% chance of a July rate cut**, while expectations for a September cut dropped slightly to **64%** following news of potential tariff letters being sent to the European Union.
Global Concerns Rise
The economic tension isn’t confined to the U.S. JPMorgan CEO Jamie Dimon warned, “Europe is in trouble, and so is the world,” reinforcing fears that global markets may face turbulence if geopolitical tensions and policy uncertainties persist.
Trump's discussions around rate cuts and the flourishing of cryptocurrencies highlight the intersection of economic policy and new financial instruments, which is significant for financial markets both in the U.S. and abroad.
