Markets
Bitcoin (BTC) price is squeezed below $72,000, but Fed is accommodative amid weak US data and global rate cuts could lead to all-time highs
The big question going forward is whether the U.S. Federal Reserve might join the rate-cutting trend, and while some members of that central bank have suggested that any monetary easing could be a story for 2025, recent data has shown a weakening both inflation and economic growth. The government’s May jobs report is due out tomorrow, and a weak number could increase the chances of an imminent Fed rate cut.