Trump's new Fed Chair to cut 'rates by a lot', sends Bitcoin surging

Bitcoin (BTC) held steady near $88,000 on Thursday after a volatile session that saw prices briefly surge toward $90,000, fueled by optimism that U.S. President Donald Trump’s incoming Federal Reserve Chair will push for steep rate cuts. Trump said he plans to appoint a new Fed Chair who believes in lowering interest rates “by a lot.” “I’ll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates by a lot,” Trump said in a speech Wednesday. “Early in the new yea ...