Latest news, White House National Economic Council Director Hasset publicly stated that U.S. President Trump is dissatisfied with the current interest rate level and believes the Federal Reserve has room for further rate cuts.

This signal is very significant. It’s important to note that an accommodative monetary policy usually boosts risk asset valuations, including cryptocurrencies like Bitcoin, which tend to benefit. The market has been waiting for a softening of the Federal Reserve’s stance, and now voices from the White House may influence the subsequent policy direction.

Although non-farm payroll data exceeded expectations, it does not prevent the expectation of rate cuts. Investors are now focusing more on economic growth prospects rather than inflation concerns. In this context, the trend of mainstream cryptocurrencies like BTC remains worth monitoring.