Front-run Donald Trump, the White House and Wall Street by subscribing now to <\/strong>Forbes\u2019 CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus gains!”<\/strong><\/a><\/p>\n The bitcoin price has climbed back over $100,000 per bitcoin, helped by U.S. president Donald Trump\u2019s shock prediction of \u201cmassive\u201d crypto investment<\/a>.<\/p>\n 06\/25 update: The bitcoin price has suddenly surged back toward touching distance of its all-time high of around $112,000 per bitcoin, climbing to over $107,000 after dipping under $100,000 this past weekend. <\/p>\n The rally has emboldened bitcoin price bulls who remained optimistic in the face of geopolitical unrest over the last two weeks.<\/p>\n \u201cBitcoin\u2019s status as a safe-haven asset is still taking shape, but recent signals suggest it\u2019s edging closer,\u201d Gadi Chait, head of investment at Xapo Bank, said in emailed comments.<\/p>\n \u201cTraditionally seen as volatile, bitcoin\u2019s response to recent macro shocks, like the events in the Middle East, has been notably restrained, neither tracking gold perfectly nor mirroring equity sell-offs. Its V\u2011shaped recovery back above $105,000 in under 48\u202fhours after falling into the nineties, highlights its growing liquidity and integration into mainstream portfolios.\u201d<\/p>\n Now, as the market digests a Congress game-changer expected to \u201cunleash\u201d trillions<\/a>, bitcoin and crypto prices are braced for Federal Reserve chair Jerome Powell\u2019s semi-annual testimony before lawmakers\u2014coming after Trump suddenly flipped on firing him<\/a>.<\/p>\n Sign up now for the free <\/strong>CryptoCodex<\/strong><\/a>\u2014A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run<\/strong><\/p>\n ForbesTrump Confirms \u2018Massive\u2019 Crypto Price Game-Changer As \u2018Trillions\u2019 Predicted To Hit Bitcoin MarketBy Billy Bambrough<\/a> U.S. Federal Reserve chair Jerome Powell has committed to keep interest rates on hold, with some … More predicting the bitcoin price and wider crypto market could soar once when it begins cutting.<\/p>\n Getty Images<\/p>\n \u201cAside from any geopolitical updates, today\u2019s key event will be Fed chair Jerome Powell\u2019s testimony in Washington,\u201d David Morrison, senior market analyst at Trade Nation, said in emailed comments.<\/p>\n Trump posted<\/a> to his Truth Social account over night that the Federal Reserve board should \u201cactivate,” forcing Powell, who he\u2019s branded \u201ctoo late,\u201d to cut rates by “at least two to three points,” and “save the U.S. more than $800 billion per year.\u201d<\/p>\n \u201cI hope Congress really works this very dumb, hardheaded person, over,\u201d Trump added.<\/p>\n The Fed kept interest rates on hold again last week after kicking of a reduction cycle in September that\u2019s been put on pause due to fears Trump\u2019s global trade tariffs could see a return of inflation.<\/p>\n \u201cAll eyes are on the Federal Reserve chair Jerome\u2019s testimony before Congress and Friday\u2019s PCE inflation print to determine how close the Fed may be to its long-awaited policy pivot,\u201d Ray Youssef , the chief executive of NoOnes, said via email.<\/p>\n \u201cThe most bullish scenario would be confirmation of a Fed dovish policy pivot or a major de-escalation in global trade and geopolitical tensions, either of which could spark renewed interest in risk assets and push bitcoin towards retesting its all-time high.\u201d<\/p>\n Expectations around an eventual Fed interest rate cut have been built up by crypto traders and influencers on social media.<\/p>\n \u201cBuckle up,\u201d one crypto trader posted<\/a> to X alongside a hopeful prediction that \u201ctrillions\u201d will flow in to crypto once the Fed eventually cuts rates\u2014now priced at a 22% chance in July, up from just 10% last week, according to the CME FedWatch tracker<\/a>.<\/p>\n Sign up now for <\/strong>CryptoCodex<\/strong><\/a>\u2014A free, daily newsletter for the crypto-curious<\/strong><\/p>\n Forbes\u2018Big Risk\u2019\u2014Surprise Bitcoin Price Crash Fear EmergesBy Billy Bambrough<\/a><\/p>\n The bitcoin price has rocketed over the last year, with some predicting the bitcoin price will climb … More even higher once the Federal Reserve cuts interest rates.<\/p>\n Forbes Digital Assets<\/p>\n Two Fed officials, Federal Reserve vice chair for supervision Michelle Bowman and Federal Reserve Bank of Chicago president Austan Goolsbee, have this week joined Fed governor Christopher Waller admitting it may be time to lower interest rates.<\/p>\n \u201cIt is time to consider adjusting the policy rate,\u201d Bowman told a gathering held in Prague, it was reported<\/a> by Reuters, while Goolsbee reportedly<\/a> said that Trump\u2019s trade tariffs have \u201cnot been what people feared.”<\/p>\n Powell has pointed to the expected increase in inflation as a result of Trump\u2019s so-called Liberation Day of global trade tariffs as reason to take a \u201cwait-and-see\u201d approach to adjusting interest rates.<\/p>\n Last week, Waller has said he doesn\u2019t expect Trump\u2019s tariffs to drive inflation higher so policymakers should be looking to lower interest rates as early as July.<\/p>\n![\"Federal](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1750856110_763_960x0.jpg\")
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