Bitcoin, the world’s largest cryptocurrency by market cap, has surged to a new 10-week high amidst demands from US President Donald Trump for a rate cut on US jobs beat. This follows a strong performance from the US jobs market, which has exceeded expectations. The cryptocurrency market often reacts to global economic news, thus the current situation in the US could be having an impact on Bitcoin’s value. Bitcoin’s recent rise marks a strong recovery from its lows earlier this year, and could indicate a trend of increasing investor confidence in the cryptocurrency market. However, whether this trend will continue remains uncertain, as the cryptocurrency market is known for its volatility. Meanwhile, Trump’s call for a rate cut could be a response to the strong US jobs performance, indicating his desire to further stimulate the economy. How these events will impact the future of Bitcoin and the overall cryptocurrency market remains to be seen.