Bitcoin and Ethereum prices surged after US President Donald Trump called for an aggressive rate cut, leading to a bullish sentiment in the cryptocurrency market.
Following Trump's statement, Bitcoin hit a new all-time high of over $112,000, breaking its previous peak and signaling a significant shift in market dynamics.
Trump's influence on market sentiment, despite not making an official policy move, has been growing, potentially hinting at future monetary easing and impacting various cryptocurrencies.
Ethereum also saw a 5% surge to $2,746, with a 6.43% gain in a day, following the positive momentum from Bitcoin's rally, indicating a renewed investor interest in altcoins.