Bitcoin News - Bitcoin rose above 104 thousand dollars after it remained silent on the economic outlook.
- Traders are divided into price reduction opportunities despite a strong possibility of not changing in June.
- Golsby says:
Bitcoin increased a little on Saturday after Jerome Powell, the head of the US Federal Reserve, gave a speech, but remained silent about the country’s economic trend. BTC recovered a decrease of $ 10,700 and remained above $ 104,000, With traders now they are waiting to see an increase of about 105,000 dollars.
Trump, tariffs, and price discounts
This was the first public discourse of heal since President Donald Trump met. While the Federal Reserve indicated that they did not talk about interest rates, the White House indicated that Trump encouraged Powell to reduce prices, as the current policy was described as a “mistake”.
The market is currently expecting that there are no interest in the Federal Reserve meeting from June 17 to 18 by 95.3 % CME data. However, most traders still believe that the Federal Reserve may reduce prices three times this year, perhaps in September, October and December.
Meanwhile, the prediction site on Polymarket indicates that 28 % of merchants believe that there will be no discounts at all in 2025.
The head of the Federal Reserve in Chicago, Austan Golsby, said that the price cuts will only occur if the definitions suggested by Trump are reflected. Even such a time, the Federal Reserve will wait and notice how the events will be revealed.
What next?
Powell’s silence left the market in the dark, but Bitcoin was positively his reaction. With the Federal Reserve meeting approaching in June, each of the encryption investors and the main investors will notice any political amendments that shake the markets.
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