the price of #bitcoin jumped to $97,000 dollars, as analysts believe that more flexible monetary policies in the United States will benefit Bitcoin more than stocks.
With #inflation data trending towards the Federal Reserve's 2% target, expectations for multiple rate cuts are becoming stronger. The effect of lowering interest rates could generate a new liquidity injection that would benefit riskier #assets like Bitcoin, according to analysts.
The latest employment data in the United States came out better than expected, which could give us signals about the Fed's next decision on the interest rate. On May 6 and 7, the Fed will meet to assess the economic outlook for the United States.