Trump Celebrates Stock and Crypto Market Boom: Nasdaq Hits New High, Bitcoin ‘Through the Roof’
The 47th President of the United States, Donald Trump, has welcomed the financial markets after Thursday’s trading session with a familiar triumphant tone. On the Truth Social platform, he not only praised the rise of major stock indexes such as the Nasdaq and S&P 500, but also highlighted the historic rise of the cryptocurrency market, especially Bitcoin, which he described as “through the roof.”
In a post shared in the morning, Trump declared: “Tech stocks, industrial stocks, and Nasdaq, all-time record highs! Crypto, ‘through the roof’.” According to him, all these achievements are the result of the trade and economic policies established by his administration. In particular, he cited Nvidia, a leader in AI and semiconductors that has surged 47% since he imposed trade tariffs, as a prime example of the strength of the US economy under his leadership.
Bitcoin and Nasdaq Hit New Highs
Bitcoin hit a new all-time high on Thursday, soaring to $113,879, continuing its strong rally in recent days. At the same time, the Nasdaq also hit a new high as technology stocks continued to be sought after by investors amid expectations of an early interest rate adjustment.
Other indices such as the S&P 500 also ended the day in deep green, contributing to the optimistic picture for the US financial market.
Trump did not miss the opportunity to emphasize that the current recovery and prosperity are a direct result of the policies he has established, especially in the areas of tariffs, domestic production and import controls. He wrote: “The United States is now ‘back’. Great credit! The Fed should quickly lower interest rates to reflect this strength.”
Pressure on the Fed and criticism of Chairman Jerome Powell
In parallel with taking credit for the economic boom, Trump once again criticized the Federal Reserve (Fed) and Chairman Jerome Powell for not acting quickly enough in adjusting interest rates.
In another post on Truth Social, he did not hesitate to call Powell “Too Late,” a sarcastic nickname he has used many times before, and argued that the Fed’s delay in loosening monetary policy has damaged the credibility of the United States. “‘Too late’ MASSIVE LOWER OF AMERICA’S CREDIBILITY. Now, once again, we are the number one creditor in the world! ‘Massive comeback’. Fed rates should reflect this.”
In Trump’s eyes, current interest rates are the only remaining drag on the robust US economy. He called on the Fed to “REDUCE RATES!!” to support continued growth.
A clear campaign strategy
Trump has long viewed financial markets as a measure of political and personal success. The surge in stocks or cryptocurrencies has often been used as evidence of his leadership ability, a campaign strategy he has used continuously since his 2016 campaign and continued in the 2024 White House race.
With the economy recording many positive signals, Trump has more reasons to reinforce the message of "America is great again" and attack political opponents, especially the monetary policies of the Democratic Party and the Fed.
Fed Chairman still holds firm
Despite growing political pressure from Trump, Fed Chairman Jerome Powell has maintained a cautious stance. The Fed said it will closely monitor economic data to make appropriate interest rate decisions, rather than reacting to political statements.
To date, inflation in the US has cooled significantly compared to last year, but is still higher than the Fed's 2% target. This leaves central bank officials unprepared to make the rapid rate cuts Trump wants.
Markets React Positively, But Cautiously
Amid the market’s peak, many analysts are still warning of a possible correction as monetary policy and political factors become more unpredictable, especially in an election year. However, the current trend shows that investor sentiment is being driven by optimism and large flows into risk assets such as tech stocks and cryptocurrencies.
President Trump continues to exploit this trend to assert the strength of the economy and his leadership while the market, while flying high, is always ready to correct if any signs of instability appear.
Conclusion
The Nasdaq and Bitcoin hitting new highs on Thursday is not only a financial milestone, but also a political leverage that Trump has exploited to the fullest. While investors celebrated the gains, he did not forget to frame the story as a victory for his administration while increasing pressure on the Fed to take the next step to maintain the current growth momentum.