President Donald Trump Discredits Inflation Fears: Is Crypto Market Ready for Rebound?
Former President Donald Trump dismissed concerns over inflation following a hotter-than-expected Producer Price Index (PPI) report, calling the current level a 'perfect number.' His remarks have reignited speculation about a potential Federal Reserve rate cut in September. Market reactions were immediate, with crypto Leveraged positions seeing over $1 billion liquidated, predominantly long trades.
Despite short-term volatility, traders are increasingly betting on monetary easing. Kalshi data indicates an 81% probability of a 25 basis-point cut, with an 11% chance of a more aggressive 50 basis-point reduction. The crypto market, now entering what some analysts describe as a euphoric phase, appears poised for a rebound if macroeconomic conditions align.
