There are many factors in the world of finance that can affect the price of cryptocurrencies, and Bitcoin is no exception. One of the key factors is the interest rate policy of the US Federal Reserve.
According to forecasts, the Fed may keep interest rates at the current level at the meeting on June 18. The majority of market participants (97.5%) assume that the rate will remain in the range of 4.25% to 4.50%. However, an unexpected rate cut could be a catalyst for the growth of the Bitcoin rate to $112,000.
Traders and investors are aiming to reach the psychological level of $112,000 for Bitcoin. This may indicate that the market expects a significant increase in the cryptocurrency.
However, the Fed also faces uncertainty due to the tariffs imposed by US President Donald Trump. Clear evidence and data are needed to make a decision on rates.
The key indicator for the Fed and the Bitcoin market will be the US employment report, which will be released on June 6. Weak data could accelerate the rate cut, while strong data could delay it.
Every investor should remember that investment decisions are associated with risk. Before making decisions, it is important to conduct your own research and evaluate all the factors that may affect the market.
Follow the news and analytics to stay informed and make informed decisions.
