The rally began shortly after Donald Trump posted on Truth Social, calling for a 3% Federal Reserve rate cut.
Shares of publicly listed crypto companies also rallied, with MicroStrategy, Coinbase, Riot Platforms, and Marathon Holdings all gaining between 4% and 6%.
Bitcoin surged to a new all-time high above $112,000
on Wednesday, breaking out of weeks-long consolidation after U.S.
President Donald Trump called the Federal Reserve’s interest rates “at least 3
points too high.” The move came amid a broader rally across crypto assets, with
Ethereum’s ether jumping 5% to $2,746, its highest in nearly a month.
Earlier, the largest cryptocurrency gained 3% to $111,907, briefly reaching new record levels across major
exchanges including Binance, Coinbase, and Bitstamp.
The breakout followed a prolonged period of price
compression near $110,000, where previous rallies had repeatedly reversed as
traders took profits and short positions mounted.
Trump Comments Trigger Risk-On Repricing
The sudden upward move began just 30 minutes after
Trump posted on Truth Social that the current federal funds rate should be
lowered by 300 basis points (3%). He claimed such a cut would save $360 billion
annually in refinancing costs. Bitcoin, which had been trading quietly earlier
in the day, began climbing steadily following the post.
Bitcoin soars to ATH, Source: CoinMarketCap
No single cut in modern U.S. history has exceeded 100
bps, and a 3% reduction in a growing economy could push inflation above 5%,
weaken the dollar by over 10%, and cause housing prices to surge amid lower
mortgage rates, Coindesk reported.
Asset markets, including stocks and commodities, would
likely rally sharply in the short term—the S&P 500 could reach 7,000, and gold $5,000, but at the cost of longer-term macroeconomic stability.
Publicly Traded Crypto Firms
The rally extended to publicly traded crypto firms.
MicroStrategy (MSTR) climbed 4.4% to $414, approaching its 2025 highs but still
below last year’s $543 peak. Coinbase (COIN) rose 5%, while bitcoin miners Riot
Platforms (RIOT) and Marathon Holdings (MARA) added around 6% each.
Ether also drew investor attention, rising 5% to
$2,746. Bitcoin’s climb also reflects its increasing role as a
hedge against monetary uncertainty. Since Trump’s “Liberation Day” speech in
April, the asset has gained traction among investors positioning for inflation
and geopolitical risk.
While Bitcoin’s price has now set a new record,
questions remain about its ability to hold above $112,000. The $110,000 zone
could flip into support if momentum continues, but traders are watching closely
for signs of exhaustion or consolidation.
Bitcoin surged to a new all-time high above $112,000
on Wednesday, breaking out of weeks-long consolidation after U.S.
President Donald Trump called the Federal Reserve’s interest rates “at least 3
points too high.” The move came amid a broader rally across crypto assets, with
Ethereum’s ether jumping 5% to $2,746, its highest in nearly a month.
Earlier, the largest cryptocurrency gained 3% to $111,907, briefly reaching new record levels across major
exchanges including Binance, Coinbase, and Bitstamp.
The breakout followed a prolonged period of price
compression near $110,000, where previous rallies had repeatedly reversed as
traders took profits and short positions mounted.
Trump Comments Trigger Risk-On Repricing
The sudden upward move began just 30 minutes after
Trump posted on Truth Social that the current federal funds rate should be
lowered by 300 basis points (3%). He claimed such a cut would save $360 billion
annually in refinancing costs. Bitcoin, which had been trading quietly earlier
in the day, began climbing steadily following the post.
Bitcoin soars to ATH, Source: CoinMarketCap
No single cut in modern U.S. history has exceeded 100
bps, and a 3% reduction in a growing economy could push inflation above 5%,
weaken the dollar by over 10%, and cause housing prices to surge amid lower
mortgage rates, Coindesk reported.
Asset markets, including stocks and commodities, would
likely rally sharply in the short term—the S&P 500 could reach 7,000, and gold $5,000, but at the cost of longer-term macroeconomic stability.
Publicly Traded Crypto Firms
The rally extended to publicly traded crypto firms.
MicroStrategy (MSTR) climbed 4.4% to $414, approaching its 2025 highs but still
below last year’s $543 peak. Coinbase (COIN) rose 5%, while bitcoin miners Riot
Platforms (RIOT) and Marathon Holdings (MARA) added around 6% each.
Ether also drew investor attention, rising 5% to
$2,746. Bitcoin’s climb also reflects its increasing role as a
hedge against monetary uncertainty. Since Trump’s “Liberation Day” speech in
April, the asset has gained traction among investors positioning for inflation
and geopolitical risk.
While Bitcoin’s price has now set a new record,
questions remain about its ability to hold above $112,000. The $110,000 zone
could flip into support if momentum continues, but traders are watching closely
for signs of exhaustion or consolidation.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
Can Your Platform Launch Prediction Markets? A CFTC Compliance Checklist
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
