Analyst: Fed's Rate Cut Decision Will Determine If Bitcoin Can Break Through $112,000
According to Cointelegraph, CMC Markets analyst Carlo Pruscino stated that if the Federal Reserve cuts interest rates earlier than the market expects, it could drive Bitcoin prices back up to the psychological level of $112,000. Currently, 97.5% of market participants expect the Federal Reserve to maintain interest rates in the range of 4.25%-4.50% at the meeting on June 18. The analyst pointed out that the U.S. employment report will be a key indicator for the Federal Reserve's interest rate decisions and Bitcoin's short-term trend, while the uncertainty of Trump's tariff policy remains an unknown factor facing the Federal Reserve's decision-making.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Libya Hamada and Al-Taharah oil fields resume production
No rate hike in October, another move in December? Fed's "slow rate hike" path against inflation emerges, all eyes on Waller's speech next week
The Federal Reserve is set to announce its latest interest rate decision next Wednesday. The market generally expects the central bank to keep the federal funds rate unchanged, which would signal its patience in combating inflation.
Crypto prices
More
