Is a Bitcoin Crash Coming? Rate Cut Delay Fears Grow! 📉
Bitcoin's price is feeling the pressure as hopes for US interest rate cuts fade! Markets are now betting on the first cut coming much later than expected, potentially September. Could labor market weakness actually *force* the Fed's hand and speed things up? 🤔
Right now, there doesn't seem to be a strong bullish catalyst for crypto. BTC dipped below $108,000 as the street opened on May 28, challenging multiday lows. Some analysts are pointing to consumer sentiment as a leading indicator of rising unemployment, which historically prompts the Fed to act.
Will Bitcoin break out of its recent range? Without a clear catalyst, it might be tough. Volatility is low, and the market seems unfazed by news that would normally cause a stir. What do you think of this?
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