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The Federal Reserve (the Fed), which is like the central bank of the U.S., decided to keep interest rates steady at around 4.25% to 4.5% at their meeting in May. They're in a tricky spot because they see risks of both higher unemployment and higher inflation.
The Fed is being careful because there's uncertainty with President Trump's tariffs (taxes on imported goods) and the economy is showing mixed signals. Some parts are strong, but others are weak.
The head of the Fed, Jerome Powell, said they won't cut interest rates early because they need more information to see how things will go.
Powell also mentioned that the trade talks that the U.S. is having with other countries could significantly change how the economy looks. He noted that the tariffs Trump put in place were "substantially larger than anticipated."
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are meeting with Chinese officials to discuss these trade issues.
Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000.
Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes.
Bitcoin
BTC
$94,126
has given back some of the gains over the weekend, and the price has pulled back to the breakout level of $95,000. Buyers will have to successfully hold the $95,000 level to keep the bullish momentum intact.
Bitcoin network economist Timothy Peterson said in a post on X that Bitcoin could surge to a new all-time high and reach a target of $135,000 in the next 100 days if certain conditions are met. Peterson believes a drop in the CBOE Volatility Index below 18 could trigger a “risk-on environment” favoring Bitcoin. The other crucial points needed for the Bitcoin rally are a fall in interest rates and a solid performance in the above-average performing months of June and July.
The government has established the Pakistan Crypto Council (PCC) to develop a regulatory framework for cryptocurrency trading, with the goal of creating a more stable and secure environment for digital asset trading, according to Dawn and Dawn News.
The government has established the Pakistan Crypto Council (PCC) to develop a regulatory framework for cryptocurrency trading, with the goal of creating a more stable and secure environment for digital asset trading, according to Dawn and Dawn News.