Analyst: Fed rate cut decision will determine whether Bitcoin can break through $112,000

according to Cointelegraph, CMC Markets analyst Carlo Pruscino said that if the Fed cuts interest rates earlier than expected by the market, it could push the price of Bitcoin back up to the psychological barrier of $112,000. Currently, 97.5% of market participants expect the Fed to maintain interest rates in the range of 4.25% - 4.50% at the meeting on June 18. Analysts pointed out that the US employment report will be a key indicator for Fed interest rate decisions and short-term trends in Bitcoin, while uncertainty in Trump's tariff policy remains an unknown factor facing Fed decisions.