Bitcoin surpassed $100,000 for the first time since February as President Trump pressured Federal Reserve Chair Jerome Powell to lower interest rates. Despite the Fed's decision to keep rates unchanged, Bitcoin saw significant gains, trading over $101,000. In a speech announcing a trade deal with Britain, Trump continued to criticize Powell, suggesting that a rate cut would benefit the economy. He described Powell as a 'fool' and implied that the Fed's policies were not in support of his agenda. Additionally, Ethereum and other cryptocurrencies like Dogecoin also experienced substantial price increases, driven by the bullish sentiment in the markets. Major equity indexes rose alongside the crypto surge, buoyed by optimism regarding U.S.-U.K. trade relations.

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