Bitcoin Hits All-Time High of $112,599 What’s Driving the Surge?
Bitcoin has once again shaken the financial world, surging to a record high of $112,599 on Thursday, according to CoinGecko. This historic rally was fueled in part by former U.S. President Donald Trump’s renewed calls for the Federal Reserve to cut interest rates.
On Truth Social, Trump posted:
“Tech Stocks, Industrial Stocks, & NASDAQ, HIT ALL-TIME, RECORD HIGHS! FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE ‘TOP OF THE LIST.’ NO INFLATION!!!”
This bold statement added more fuel to an already hot market, pushing both Bitcoin and altcoins into a sharp upward move.
https://www.vanguardngr.com/category/web3/
📉 From Chaos to Clarity: Trump’s Role in Market Volatility
Just a few months ago in April, Bitcoin and other financial markets faced a rough patch as Trump’s tariff announcements rattled investor confidence. However, Thursday’s rally marks a clear shift — from political turbulence to monetary opportunity.
Trump has repeatedly targeted Federal Reserve Chair Jerome Powell, calling him a “loser” and “dumb” for not aggressively cutting rates. On Thursday, he doubled down, suggesting Powell’s dismissal “cannot come fast enough.”
These comments sparked immediate speculation that looser monetary policy could return — a scenario that investors historically view as bullish for cryptocurrencies and risk assets.
📊 Crypto Market Follows Bitcoin’s Lead
Other major cryptocurrencies joined the rally:
Ethereum (ETH) rose 4.8% to $2,783
Solana (SOL) gained over 2% to hit $157
Avalanche (AVAX) and Chainlink (LINK) also posted modest gains
The entire crypto market cap crossed the $3.8 trillion mark, with Bitcoin dominance nearing 54%.
🧠 Expert Insight: Institutional Demand & ETF Inflows
According to Joe DiPasquale, CEO of BitBull Capital:
“We are probably going to reach even greater heights. A combination of robust ETF inflows, resurgent institutional demand, and a general risk-on climate is propelling Bitcoin’s rally.”
He also noted that “sidelined capital jumped in once BTC cleared key psychological levels around $110,000.”
On-chain data shows a massive uptick in wallet activity, suggesting both retail and institutional players are entering aggressively.
💡 Why This Matters to Forex & Copy Traders
This isn’t just a “crypto” moment; it’s a cross-market signal. When Bitcoin surges on monetary policy news, it reflects global risk sentiment.
For Forex traders and copy trading followers, this can affect
USD volatility (weaker USD = bullish for crypto and commodities)
Central bank positioning (ECB, BoJ may react if Fed shifts)
Copy trading strategy adjustments (risk-on signals mean more aggressive setups may perform well short-term)
📉 What Could Go Wrong?
Let’s not ignore the downside risks:
If the Fed ignores political pressure, the rally could fade
If inflation spikes, it may force rate hikes, hurting Bitcoin
Trump’s comments are political, not policy; markets could overreact
