The “Trump trade” caused crypto prices, notably Bitcoin, to surge as people speculated that a Republican return to the White House was likely. Bitcoin hit a new all-time high and gained 9% to close above $75,560. The potential of a Trump return created significant macro uncertainty, including the impact of proposed tariffs on crypto and possible fiscal and monetary policy decisions.
Lower interest rates, which reduce borrowing costs, increase consumer spending, and make safer investments like bonds less appealing, may also make investors more likely to invest in riskier assets like crypto. Some analysts believe that a lower rate cut could be even more positive for Bitcoin, potentially pushing it even higher by the year-end.
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