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Bitcoin Hits New All-Time High as Trump Pressures Fed to Slash Rates Again

  • Bitcoin hit a new all-time high of $113,788 on Thursday, marking a significant rally and a 3.5% increase for the day.
  • President Trump's public endorsement of digital assets and equities, along with his call for the Federal Reserve to lower interest rates, coincided with Bitcoin's surge.
  • U.S. spot Bitcoin ETFs have seen substantial inflows, surpassing $50 billion in total net inflows. The BlackRock iShares Bitcoin Trust ETF leads this trend with $53 billion in inflows.
  • Despite market turbulence earlier this year, crypto and stocks have rebounded, attributed in part to growing institutional interest in digital assets. Bitcoin is experiencing a new bull market with price predictions reaching $200,000 in 2025.

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