According to Cointelegraph, market analyst Carlo Pruscino stated that if the Federal Reserve cuts interest rates earlier, it could push the Bitcoin price back up to $112,000.
On May 22, Bitcoin reached a new high of $111,970 but has currently fallen back to $102,766. The market expects the Federal Reserve to maintain interest rates between 4.25% and 4.50% on June 18.
Pruscino pointed out that the Federal Reserve has enough data to make a decision, but Trump's tariff policy remains an unknown factor. The U.S. employment report will be a key indicator for interest rates and Bitcoin price trends.
The U.S. International Trade Court previously blocked Trump from imposing tariffs, but the appeals court allowed the enforcement to continue, and Trump recently raised foreign steel and aluminum tariffs to 50%.
