Trump continues to call for the Federal Reserve to cut rates, but the Fed instead raised them.
On September 16, the Federal Reserve increased interest rates by 25 basis points to 3.75%–4%, and most officials also expect further rate hikes before the end of the year. Trump then publicly demanded that rates be lowered to 1% or even lower.
The impact on the crypto market is actually very direct:
Trump wants easing → in theory, risk assets should feel comfortable;

But the Fed’s actual policy is continued tightening → highly volatile assets such as Bitcoin and Ethereum face short-term pressure.
So what the market is really stuck on right now is not whether “Trump supports crypto,” but whether the liquidity Trump wants matches the liquidity the Fed actually provides—they are completely different.$BTC