US Fed surprise rate cut may lead to Bitcoin surge: Analyst
From Cointelegraph
June 6, 2025 2:33 am:
The US Federal Reserve cutting interest rates sooner than expected could push Bitcoin to $112,000, according to market analyst Carlo Pruscino. Bitcoin hit $111,970 on May 22, currently at $102,766. 97.5% expect Fed to hold rates on June 18. Bitcoin up 6.72% in past 30 days. Uncertainty remains due to Trump’s tariffs.
US Court blocked Trump’s tariffs but appeals court allowed them to continue. Trump doubled steel and aluminum tariffs to 50%. US jobs report on June 6 will impact Fed rate cut and Bitcoin’s price. A strong report may delay rate cut. Market awaits report to gauge Fed’s next move.
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