Hot Moment: Donald Trump Speaks Out, BTC Surges Past $96,000 – What's Happening?

Following the strong statements from U.S. President Donald Trump regarding the economy and the Federal Reserve (Fed), Bitcoin experienced a significant breakout, surpassing the $96,000 mark at one point. Over the past 24 hours, the world’s largest cryptocurrency has increased by more than 4%, accompanied by a notable rise in market volatility. Trump’s Statements and Their Impact on the Market On social media, Trump claimed that the U.S. economy is entering a “deflationary boom cycle,” with positive signals such as a strong recovery in manufacturing, rising household incomes, and high levels of private sector investment. He affirmed that inflation prospects are “quite good” and that the U.S. has the hottest economy in the world. Additionally, the U.S. President also criticized the Fed for not being ready to cut interest rates, suggesting that the central bank’s cautious stance is obscuring the economic growth momentum. Beyond economic issues, Trump also publicly supported protests in Iran. On Truth Social, he called on the Iranian people to “continue protesting, take back your institutions,” and stated that “support is on the way.” This statement was made amid Tehran’s crackdown on the largest protests in years, increasing geopolitical tensions in the Middle East and reinforcing a safe-haven asset search mentality in global markets. Bitcoin Rises Strongly, Clearing Out Overbought Positions Immediately after these statements, Bitcoin quickly approached the $96,000 mark before stabilizing around $95,000. Market data shows that BTC increased approximately 4.36% in the past 24 hours. This upward trend was accompanied by a wave of strong liquidation on the derivatives market. The total liquidation value in 24 hours reached about $648.4 million, with $567 million from short positions and $81 million from long positions. The continuous “sweeping” of sell orders is considered one of the main factors driving Bitcoin’s price rally. Interest Rate Expectations and Short-Term Outlook Regarding monetary policy, the market currently predicts that the Fed will remain cautious in the short term. The probability of a 25 basis point cut in January is only 2.8%, while the chance of holding rates steady is 97.2%. As of March, the probability of the Fed implementing a total of one 25 basis point cut is 26.8%, with a 72.5% chance of no change in rates. In the context of increasing geopolitical instability and unclear monetary policy expectations, Bitcoin continues to be viewed as a potential safe haven, attracting capital seeking opportunities during periods of significant market volatility.