The Federal Reserve is expected to maintain interest rates this month, but a surprise cut could propel Bitcoin towards $112,000, according to CMC Markets analyst Carlo Pruscino. Currently, the market anticipates that 97.5% expect rates to remain stable at 4.25% to 4.50%. Bitcoin recently peaked at $111,970 but has since decreased to $102,766. Pruscino emphasizes that the Fed has sufficient data for decision-making but faces uncertainties, particularly due to US trade policies, which could affect market sentiment for Bitcoin. The upcoming US jobs report is critical; if strong, it might delay rate cuts, influencing Bitcoin's price and potentially hindering a bullish market move. Overall, trade policies and the labour market's health are vital in determining Bitcoin's future movements.

Source 🔗