Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Bitcoin price is shaking ahead of the Federal Reserve’s interest rate decision
BLOCKCHAIN NEWS

Bitcoin price is shaking ahead of the Federal Reserve’s interest rate decision

By Crypto FlexsMay 1, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price is shaking ahead of the Federal Reserve’s interest rate decision
Share
Facebook Twitter LinkedIn Pinterest Email

Share this article

Follow Cryptocurrency Briefings on Google News

Bitcoin (BTC) fell to $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve, with expectations of no interest rate changes.

According to the CME FedWatch tool, only 4.4% of economists expected a rate cut (the first in a decade), while 95.6% expected rates to remain stable between 525 and 550 basis points.

According to Kobeissi Letter, based on current market data, there is a 36% chance that there will be no rate cut this year. Just four months ago, the probability of maintaining the current interest rate was only about 3%.

This year, expectations changed with just one reduction. Previously, the market expected six interest rate cuts. Additionally, the probability of experiencing rate cuts more than twice decreased to 31%.

You cannot create this:

According to prediction markets, there is currently a 36% chance of a 2024 rate cut of 0%. @Calsi.

To put this in perspective, four months ago there was about a 3% chance of no rate cut in 2024.

The base case changed from six rate cuts this year to one rate cut… pic.twitter.com/mTQMDAz99K

— Kobeissi Letter (@KobeissiLetter) April 25, 2024

stagflation risk

In this financial environment, the United States faces the risk of stagflation as inflation continues and economic growth slows.

GDP growth slowed to 1.6% in the first quarter of 2024, below the forecast of 2.2% and down from 3.4% in the previous quarter. At the same time, the US core PCE inflation index rose from 2.0% to 3.7%.

Federal Reserve Chairman Jerome Powell said recent data does not make the Fed more confident, suggesting a longer timeline is needed to restore economic stability. He expressed belief in the adequacy of current policy to navigate the immediate risks and hinted that high interest rates would persist even without an increase.

Bitcoin’s trajectory reflects this economic uncertainty, falling below $62,000 earlier in the week amid renewed stagflation concerns.

The launch of a spot Bitcoin and Ethereum ETF in Hong Kong yesterday sparked a brief rally above $64,000, but the momentum was short-lived as investors remained cautious ahead of a key decision from the Federal Reserve.

Spot Bitcoin ETF inflows slow

The market has also seen a noticeable slowdown in spot Bitcoin ETF inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) pausing new inflows for several days for the first time since its launch. Meanwhile, other funds, including Grayscale Investments, also experienced continued outflows.

Bitcoin’s price has been stagnant since its fourth halving. Bitcoin is currently trading at around $60,100, down more than 6% in the last 24 hours, according to data from CoinGecko, likely ending a sustained growth streak that has lasted since last September.

Bitcoin Monthly ReturnsBitcoin Monthly Returns
Bitcoin Monthly Profit – Source: Coinglass

Share this article

Follow Cryptocurrency Briefings on Google NewsFollow Cryptocurrency Briefings on Google News

The information on or accessed through this website has been obtained from independent sources believed to be accurate and reliable. However, Decentral Media, Inc. makes no representations or warranties about the timeliness, completeness or accuracy of any information on or accessed through this website. . Decentral Media, Inc. is not an investment advisor. We do not provide personalized investment advice or other financial advice. Information on this website may change without notice. Some or all of the information on this website may be outdated, incomplete or inaccurate. We may, but are not obligated to, update information that is out of date, incomplete or inaccurate.

Crypto Briefing can augment articles with AI-generated content generated by Crypto Briefing’s own AI platform. We use AI as a tool to deliver fast, valuable, actionable information without losing the insight and oversight of experienced cryptocurrency experts. All AI-augmented content is carefully reviewed by editors and writers, including for factual accuracy, and we pull from multiple primary and secondary sources whenever possible to create our stories and articles.

You should not make any investment decisions regarding ICOs, IEOs or other investments based on the information on this website, and you should not interpret or rely on the information on this website as investment advice. If you are seeking investment advice regarding an ICO, IEO or other investment, we strongly recommend that you consult with a licensed investment advisor or other qualified financial professional. We do not receive any form of compensation for our analysis or reporting on ICOs, IEOs, cryptocurrencies, currencies, tokenized sales, securities or products.

See full terms and conditions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025

HTX X JAMES WYNN LIVESSTREAM Function Critics Mimem Mem

June 3, 2025

TEZOS unveils uranium token shoes in consensus 2025.

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025

Huma joins the Global Dollar Network and develops Stablecoin adoption in solana.

June 4, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025

Director Trezor: What is the best hardware wallet in 2025?

June 4, 2025

Binance cracks down on bot agriculture in Binance Alpha.

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025
Most Popular

HashKey’s OTC trading arm has obtained a payments license in Singapore.

August 3, 2024

Impact of central bank digital currencies on the cryptocurrency environment

May 7, 2024

These Memecoins overtake DOGE in number of active traders.

April 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.