HOT TOPICS: Donald Trump Speaks, Bitcoin Price Suddenly Surges Above $96,000! Here’s What You Need to Know

Following US President Donald Trump’s comments on the economy, a sudden rise occurred in the Bitcoin price.

After Donald Trump’s sharp remarks about the economy and the Fed, Bitcoin’s price briefly tested the $96,000 level.

The largest cryptocurrency has gained over 4% in the last 24 hours, while market volatility has increased noticeably.

In his social media posts, Trump argued that the US economy is experiencing a “deflationary economic explosion,” highlighting a strong recovery in manufacturing, increased household incomes, and high private sector investments. Trump, who believes inflation prospects are “quite good,” stated that the world’s hottest economy is the US. The president also criticized the Fed for not being sufficiently willing to cut interest rates and said that the central bank’s stance is overshadowing the growth trend.

President Trump also openly supported the protests in Iran again. In a post on Truth Social, Trump addressed Iranians, saying, “Keep protesting, take back your institutions. Help is on the way.” Trump’s message came at a time when the Tehran government has taken strict measures against the largest protests in recent years. The statement has led to a resurgence of geopolitical tension in the Middle East and strengthened the safe haven perception in global markets.

Along with these statements, Bitcoin rose to the $96,000 threshold. According to market data, BTC gained approximately 4.36% in the last 24 hours, stabilizing around $95,000. During the rise, there were sharp position closures in derivatives markets. Total liquidations in the last 24 hours reached $648.4 million; of this, $567 million were short positions and $81 million were long positions. The heavy liquidation of short positions was one of the main factors accelerating the upward momentum.

On the other hand, the market is pricing in a cautious stance from the Fed in the short term. The probability of a 25 basis point rate cut in January is seen at 2.8%, while the chance of rates remaining unchanged is calculated at 97.2%. The probability of a cumulative 25 basis point cut by March is 26.8%, with no change at 72.5%.

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