In a flurry of social media posts 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. The comments, coinciding with a key speech by Fed member Austan Goolsbee Musalem, sent waves through both traditional and digital asset investors.
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.
The former president further insisted that the Federal Reserve must “urgently lower interest rates” to reflect the country’s comeback and avoid damaging its international credibility. His remarks appear to be a direct counter to Musalem’s comments earlier in the day, which suggested that rate cuts in the immediate term might be premature.
As reported by Dey There, Trump’s posts are seen by many analysts as a pressure tactic aimed at Fed Chair Jerome Powell, whom Trump once again criticised as “Too Late Powell.” Trump’s message was clear: the U.S. must lead the global economy, and monetary policy must support that goal.
Rate Cut Speculation Intensifies as BTC Holds Strong at $111K
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.
The volatility is likely to continue. If Trump follows through and sends a formal tariff warning to the EU—as he’s suggested—markets may experience another jolt in the coming days. As Dey There notes, the intersection of crypto advocacy and macroeconomic policy is becoming increasingly common in 2025’s high-stakes political environment.
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.
Sources:
- Donald Trump official Truth Social account
- CME FedWatch Tool (https://www.cmegroup.com)
- Federal Reserve statements (https://www.federalreserve.gov)
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