Fed's Potential Rate Cut Could Boost Bitcoin Prices, Analyst Suggests

According to BlockBeats, CMC Markets analyst Carlo Pruscino has indicated that the Federal Reserve is expected to maintain interest rates this month. However, an unexpected rate cut could potentially drive Bitcoin to new highs. If the Fed lowers rates earlier than anticipated, Bitcoin's price might surge to $112,000. Pruscino noted that if the next two rate cuts occur sooner than expected, it could significantly impact the future price trends of Bitcoin and other cryptocurrencies. Traders currently view $112,000 as a crucial psychological target. He also mentioned that the Federal Reserve has "sufficient data" to make its decision, but uncertainties remain due to U.S. President Donald Trump's tariff policies. The U.S. employment report, set to be released by the Bureau of Labor Statistics on June 6, will be a key indicator for the Fed's rate decision and Bitcoin's short-term price movement.