Analyst: Fed's Rate Cut Decision Will Determine If Bitcoin Can Break Through $112,000

According to Cointelegraph, CMC Markets analyst Carlo Pruscino stated that if the Federal Reserve cuts interest rates earlier than the market expects, it could drive Bitcoin prices back up to the psychological level of $112,000. Currently, 97.5% of market participants expect the Federal Reserve to maintain interest rates in the range of 4.25%-4.50% at the meeting on June 18. The analyst pointed out that the U.S. employment report will be a key indicator for the Federal Reserve's interest rate decisions and Bitcoin's short-term trend, while the uncertainty of Trump's tariff policy remains an unknown factor facing the Federal Reserve's decision-making.