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Bitcoin made a new all-time high on May 22 when it crossed $112K. Although it dipped below $100K soon after, it’s now showing signs of recovery and a potential run upwards.
Carlo Pruscino from CMC Markets believes that a Fed rate cut might drive $BTC back to $112K and potentially even beyond.
Keep reading to find out Trump’s stance on a potential Fed rate cut, when we can expect one, and what the best altcoins to buy are to make the most of this pro-crypto situation.
Trump Wants a Rate Cut Now
Trump took to Truth Social to criticize the Fed on delayed rate cuts. He said that Europe has already had 10 rate cuts while the US is lagging behind.
He also pointed out there’s no inflation anymore – in case that’s what is holding back the Fed. He said that if inflation were to come back, the Fed could simply raise the interest rate again.
As of now, though, Trump believes that the US is paying a lot more in borrowing costs than it should.
It’s worth noting that the Federal Reserve has been mulling over rate cuts for quite some time. However, Trump’s ongoing trade tariff war and uncertain trade policies have held it from making a decisive move.
The current borrowing rate is 4.25%–4.50%. As per CME Group’s data, 97.5% of market participants believe that this will remain unchanged in the upcoming Fed meeting on June 18.
More than 51% of people believe that a rate cut might come around mid-September, where rates may be slashed by 25 basis points.
If we see a rate cut earlier than expected, $BTC may be the first major asset to react.
When…further rate cuts come, if they’re coming a lot sooner than expected, that will then impact heavily on the future price moves or crypto on Bitcoin and some other cryptos as well. – Carlo Pruscino, a CMC Markets analyst
To help you make the most out of upcoming policy changes, we’ve handpicked the best cryptos to invest in.
1. BTC Bull Token ($BTCBULL) – Best Altcoin to Buy Right Now, Free $BTC Airdrops
Bitcoin will almost certainly be one of the biggest beneficiaries of a rising crypto market. In fact, the ‘digital gold’ is what will pull the crypto market to new highs in the first place.
As such, BTC Bull Token ($BTCBULL), a Bitcoin-inspired meme coin, is the best crypto to buy if you’re bullish on $BTC and want to maximize your returns.
Unlike other altcoins, $BTCBULL token holders will be rewarded with free $BTC. This will happen on two occasions: once when Bitcoin reaches $150K and another when it reaches $200K for the first time.
Just make sure to store your $BTCBULL tokens in Best Wallet and participate in the airdrop events, which will take place on social media.
In addition to having a genuine shot at grabbing real $BTC, you’ll also benefit from a monstrous rise in $BTCBULL’s price.
According to our BTC Bull Token price prediction, the token can reach $0.0096 by 2026 – a 276% rise from current prices.
Buy $BTCBULL now for just $0.00255 each. The project is in presale, where it has amassed nearly $7M.
2. Solaxy ($SOLX) – First-Ever Solana Layer-2, Insane $45M Presale Raise
A rise in Bitcoin will likely lead to joyous times in the meme coin market as well, which is why we believe that Solaxy ($SOLX) could be one of the next cryptos to explode.
Designed to strengthen the best blockchain for meme coins, $SOLX is being hyped as Solana’s prodigal son, and for good reason.
After all, Solaxy will finally cure Solana of its congestion and scalability issues, which it has been facing ever since the success of $TRUMP and other viral meme coins overloaded it.
Solaxy will build the first-ever Layer 2 scaling solution on Solana, which will offload transactions from the mainnet onto a sidechain. This will reduce the workload on Solana, thereby restoring its lightning-fast executions.
Furthermore, this brand-new L2 will also process transactions in bulk, which will decrease the overall cost requirements on Solana.
To participate in Solaxy’s one-of-a-kind mission and token growth – it’s predicted to rise by over 11,300% by 2030 – become an early investor in the project.
It’s currently in presale, with over $45M raised, and you can get each token for just $0.001748. Here’s how to buy it.
3. PepeCoin ($PEP) – Pepe-Inspired Meme Coin Currently Among the Top Gainers
Although you wouldn’t be wrong to think that PepeCoin ($PEP) borrows its popularity from the legendary $PEPE meme coin, it’s got a handful of unique features that have had a fair bit of say in it being one of the top trending cryptos.
For instance, PepeCoin runs on its own blockchain, which is how it offers astonishingly low transaction fees and zero $ETH gas fees.
Coming to its performance, $PEP is up over 3,000% since its inception in June 2024. More recently, the token has recorded 28% gains over the past thirty days.
According to price action analysis, $PEP is closing in on a major resistance level ($0.00024), a break of which could see the token soar to $0.00027 and beyond.
The Best Altcoins to Benefit from a Rate Cut, but They’re Not Completely Dependent on It
With a rate cut on the horizon, major cryptos like Bitcoin and Ethereum could finally start rallying – and the altcoin space will only get more bullish.
However, make sure you do your own research and due diligence before investing. Our articles aren’t financial advice, after all.
