Why is the crypto market rising?
Bitcoin (BTC), alongside most top cryptos, saw a 5% gain on Tuesday following President Donald Trump’s remarks on monetary policy in a Politico interview. The US President noted that the next Federal Reserve (Fed) Chair will be expected to lower interest rates immediately.
Trump will announce the next Fed Chair in the coming days, with White House economic advisor Kevin Hassett as the frontrunner across prediction marketplaces Polymarket and Kalshi. In a panel session at the WSJ Leadership Institute on Tuesday, Hassett highlighted that “there’s plenty of room to lower rates.”
The Federal Open Market Committee (FOMC) is expected to lower interest rates by 25 basis points in its meeting on Wednesday. Market experts view it as a hawkish…
