Bitcoin Price Rally Pauses at $103K as Trump Issues New Updates on Russia War and Rate Cuts
The post Bitcoin Price Rally Pauses at $103K as Trump Issues New Updates on Russia War and Rate Cuts appeared on BitcoinEthereumNews.com.
Bitcoin price finds steady support at the $103,110 mark on Saturday, May 17 after Trump’s bold policy statements provided directional hints around Fed cuts and geopolitical risks. Trump’s Comments Stir Bitcoin Volatility as Rally Stalls Near $103K Bitcoin (BTC) paused its strong May rally on Friday, closing marginally lower at $103,110 after hitting intra-day highs of $103,677. The cooling momentum comes amid a flurry of updates from U.S. President Donald Trump, who reignited both macroeconomic and geopolitical discussions. Bitcoin (BTC) Price Action, May 17, 2o25 | Source: Coingecko Bitcoin traders appears to be reassessing bullish risk sentiment following his statements on Federal Reserve policy and an unexpected announcement regarding high-level talks with Russian President Vladimir Putin. “The Fed should cut rates sooner, rather than later.” Trump openly criticized Jerome Powell in a Truth Social post on Saturday, May 17, 2025. His remarks underscored renewed pressure on the central bank ahead of its June meeting. Bitcoin, which has historically shown sensitivity to shifts in interest rate outlooks, reacted by flattening out gains from earlier sessions. The day’s modest retreat followed a week of gains exceeding 7%, driven by speculation of looser monetary policy under a Trump-led White House comeback. Adding to investor hesitation were Trump’s planned calls with Vladimir Putin and Volodymyr Zelenskyy, intended to broker a ceasefire in the ongoing Russia-Ukraine conflict. What’s Next for Bitcoin Price? With volatility back on the rise and Trump re-entering the global policy arena, Bitcoin traders are entering a period of heightened uncertainty. Next week’s scheduled call between Trump and Putin, should it proceed, could impact risk assets across the board, including BTC. For Bitcoin markets, a ceasefire between Russia and Ukraine could be significant. By normalizing trade relations with Oil-Rich Russia, it could lower power costs for miners, and cool indusrial inflation. Both…
