🚀 Bitcoin soared to $112,000 — the market bets on a rate cut!
On Wednesday, Bitcoin updated its historical maximum, reaching $112,000, adding nearly +3% for the day. The reason — fresh "dovish" signals from the US Fed.
📝 The published protocol of the June FOMC meeting showed: most committee members expect a rate cut in 2025, while some expect it as early as July 30, if inflation remains stable.
📉 Potential easing of monetary policy stimulates interest in risky assets, including BTC, as it reduces the alternative costs of holding capital.
💼 Both short-term and long-term holders continue to accumulate Bitcoin, however, spot demand on exchanges remains sluggish. This could become a risk area if the momentum is not supported by actual purchases.
📊 Altcoins behaved mixed, Ethereum settled around $2,800, while volatility on most coins remains low.
⏳ What's next? The market awaits:
• July 11 — publication of CPI;
• July 30 — Fed meeting where a fateful decision on the rate may be announced.
🧭 These events will be key in determining the further course not only of Bitcoin but of the entire crypto market.
