Bitcoin gains 5% following President Trump's remarks concerning the next Fed Chair.
Trump noted that the next Fed Chair is expected to cut interest rates immediately.
Ethereum, XRP, Solana and other top cryptos rallied alongside Bitcoin.
The Federal Open Market Committee (FOMC) is expected to lower interest rates by 25 basis points in its meeting on Wednesday. Market experts view it as a hawkish cut, predicting the Fed will adopt a wait-and-see approach in January due to the delay in economic data caused by the government shutdown in the past few months
