From Yahoo Finance: 2025-06-12 19:15:00

President Trump is pressing the Federal Reserve for a 100 bps rate cut following positive consumer inflation data. The crypto market reacted, with Bitcoin dropping to $106,000 on June 12. Historical data shows rate cuts can fuel crypto rallies, potentially pushing prices beyond recent highs. Trump’s call for rate cuts could impact the market significantly.

Read more: Trump wants Federal Reserve to cut rates by 100 bps