20250425 Bitcoin Diary #BTC

BTC continues to fluctuate at a high level, altcoins are taking off. Federal Reserve officials' speeches have generally turned dovish, stating that tariffs have a limited impact on inflation, emphasizing the need to pay attention to unemployment risks. Next Friday's non-farm data, which is expected to be in line with or slightly below expectations, could trigger expectations for a non-recessionary rate cut, potentially reigniting Bitcoin's surge towards 100,000. Key focuses for the day: 1-year inflation expectations and SEC roundtable meeting (focusing on custody arrangements of traditional financial institutions and ETF approvals).