Bitunix Analyst: The Federal Reserve (FED) maintains the Intrerest Rate, market expectations for interest rate cuts decline, short-term waiting to break through the $100,000 barrier.
BlockBeats news, on May 8, The Federal Reserve (FED) decided unanimously at the FOMC meeting to keep the federal funds interest rate unchanged at 4.25%–4.50%, marking the third consecutive time of maintaining the status quo, and reiterated that it will continue to reduce the balance sheet to support stable economic operations. Interest rate futures show that the probability of a rate cut in June has dropped to about 23.8%. On the same day, BTC reached the $99,000 integer level during the Asian session, recovering this level for the first time in nearly three months. The price of Bitcoin even climbed to $99,374 at one point, with a daily increase of nearly 2%. As investors digest the Fed's decision to maintain the status quo and not release an overly hawkish stance, BTC experienced a technical rebound after a short-term pullback. Bitunix analysts suggest: Risk assets received a short-term boost after the Fed's stabilization, but uncertainty remains. BTC currently tends to be cautious, paying attention to the psychological pressure levels of 100K and 94J support. Continuous attention should be paid to next week's CPI and PPI data, as well as the progress of US-China trade negotiations. Diversified allocation of stablecoins or gold is recommended to hedge against macro and market fluctuations.
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Bitunix Analyst: The Federal Reserve (FED) maintains the Intrerest Rate, market expectations for interest rate cuts decline, short-term waiting to break through the $100,000 barrier.
BlockBeats news, on May 8, The Federal Reserve (FED) decided unanimously at the FOMC meeting to keep the federal funds interest rate unchanged at 4.25%–4.50%, marking the third consecutive time of maintaining the status quo, and reiterated that it will continue to reduce the balance sheet to support stable economic operations. Interest rate futures show that the probability of a rate cut in June has dropped to about 23.8%. On the same day, BTC reached the $99,000 integer level during the Asian session, recovering this level for the first time in nearly three months. The price of Bitcoin even climbed to $99,374 at one point, with a daily increase of nearly 2%. As investors digest the Fed's decision to maintain the status quo and not release an overly hawkish stance, BTC experienced a technical rebound after a short-term pullback. Bitunix analysts suggest: Risk assets received a short-term boost after the Fed's stabilization, but uncertainty remains. BTC currently tends to be cautious, paying attention to the psychological pressure levels of 100K and 94J support. Continuous attention should be paid to next week's CPI and PPI data, as well as the progress of US-China trade negotiations. Diversified allocation of stablecoins or gold is recommended to hedge against macro and market fluctuations.