Bitcoin Eyes $100,000, Experts Assert, But Will The Federal Reserve Play Ball?
As the Federal Reserve convenes this week, the cryptocurrency market is closely monitoring signals that could influence Bitcoin‘s (CRYPTO: BTC) trajectory.
With the Fed expected to maintain its benchmark interest rate at 4.25%–4.50% on Wednesday, attention turns to Chair Jerome Powell’s commentary for indications of future monetary policy shifts.
Economic indicators, including a recent negative GDP print and softening inflation, have intensified speculation about potential rate cuts later this year.
Speaking with Benzinga, Rohan Misra, Head of GCC at AMINA Bank, suggests that the Fed may adopt a more dovish tone, stating, “The Fed may prepare the ground for future cuts,” which could be “supportive for Bitcoin price action.”
Market expectations align with this sentiment, with a 54.4% probability of a rate cut by July and over a …
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