Trump calls for rate cuts, US stocks hit new highs, BTC reserve expectations fall short, BTC falls to 104K

Driven by the call from Donald Trump to drop oil prices and interest rates, the US stock market continued to rise on Thursday, with the S&P 500 index hitting a new record high. The Bank of Japan will announce its latest interest rate decision today, and the market expects the BOJ to raise rates this time. BTC surged to 106K last night, and Cynthia Lummis hinted that "big things are coming," but it has nothing to do with BTC reserves. BTC fell back to 104K.

Trump demands interest rate cut, S&P 500 hits new high

On Thursday, Trump delivered a video speech at the World Economic Forum in Davos, Switzerland (WEF), stating that he will ask Saudi Arabia and other OPEC countries to drop oil costs, and reiterating that he will use tariffs to bring manufacturing back to the United States. He will also request the Federal Reserve to dropIntrerest Rate immediately. In addition, Trump stated that he has signed executive actions related to cryptocurrency and artificial intelligence, making the United States the world center for AI and cryptocurrency.

The Federal Reserve will hold a two-day Intrerest Rate decision meeting next Wednesday, (1/29). According to the CME FedWatch index, the market generally expects the Intrerest Rate to remain unchanged at 4.25-4.5%, but the previously expected month for a rate cut has been moved up from June to May.

Trump's remarks inspire the US stock market to reach a new high, with the S&P 500 index closing above 6,100 points, setting a new record.

The Bank of Japan is expected to announce a rate hike today.

The Central Bank of Japan BOJ will announce its latest interest rate decision today 01/24. After the meeting, BOJ President Kuroda Haruhiko will hold a press conference at 2:30 PM Taiwan time.

According to a Bloomberg survey, nearly three-quarters of Japanese Central Bank observers expect BOJ to raise interest rates this time. The USD/JPY exchange rate is currently hovering around 156, will it once again trigger a chain reaction of yen arbitrage unwinding, affecting the bullish sentiment of BTC and other Trump trades?

(Will the possible interest rate hike by the Central Bank of Japan affect the optimistic sentiment of BTC and other Trump trades?)

Expectations for BTC reserves fall short, BTC drops to 104K

BTC soared to 106K last night, and earlier, Senator Cynthia Lummis, the main advocate for the US national BTC reserve, predicted that "big things are coming".

Lummis only confirmed that she would serve as the chair of the newly established Digital Assets Subcommittee of the Senate Banking Committee, which was a widely expected move. Unrelated to BTC reserves, BTC dropped to 104K.

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