XRP News Today: With Trump Urging the Fed, Crypto Markets Consider Interest Rate Reductions and Market Fluctuations
- Trump's pressure on the Fed to cut rates intensifies crypto market speculation ahead of October 29 policy meeting. - Bitcoin shows resilience with $400M TVL growth, while XRP surges 88% on ETF launches and institutional demand. - Fed's dovish pivot could boost crypto via weaker dollar, but hawkish surprises risk pullbacks amid Trump-Xi summit uncertainty. - Institutional adoption accelerates with new ETFs and staking products, signaling broader crypto market legitimacy. - Trump's 4% GDP growth forecast a
Trump has ramped up his calls for the Federal Reserve to lower interest rates, fueling speculation in the markets ahead of the central bank’s policy meeting on October 29. Investors are paying close attention to how the Fed’s decision could affect the cryptocurrency sector. The U.S. president has repeatedly targeted Fed Chair Jerome Powell, labeling him “Jerome ‘Too Late’ Powell” and demanding quicker measures to boost the economy, especially as import tariffs rise and geopolitical risks persist, according to
Bitcoin’s value has remained robust, with blockchain data showing a $400 million rise in Bitcoin’s total value locked (TVL) in DeFi protocols over the past 10 days, indicating renewed confidence among long-term holders, according to
Meanwhile, XRP has climbed more than 88% from its monthly low, driven by growing institutional interest and the introduction of spot ETFs. The CME’s
The direction of Fed policy remains a key factor. Trump’s projection of 4% U.S. GDP growth in the first quarter of 2026, despite doubts from economists about the impact of his tariffs, has intensified calls for more accommodative monetary policy, the Economic Times noted. Market analysts caution that while a dovish Fed could lift crypto prices by weakening the dollar, a more hawkish stance or unexpected inflation could lead to corrections. The upcoming rate decision and the Trump-Xi summit are seen as pivotal moments for risk sentiment, experts told Coinotag.
Institutional interest in crypto is also on the rise. Bitwise’s $BSOL, the first U.S. spot
With the Trump administration aiming for 4% economic growth and $21 trillion in investment by 2026, according to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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