Bitcoin Rises as Trump Praises Tariffs, Fed Rate Cut Unlikely

2025-12-28 14:01

Bitcoin experienced a notable surge as former President Trump praised tariffs for boosting U.S. wealth and growth without causing inflation. This comes amid growing doubts about potential Federal Reserve rate cuts, with Polymarket data indicating an 85% probability of rate stability. The cryptocurrency market, including Bitcoin, saw increased activity, with trading volumes rising by 15%. The market's positive response highlights the influence of macroeconomic factors on digital asset prices.

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