Fed Rate Cut Expectations Boost Bitcoin as CPI Falls Short
Fed Rate Cut Expectations Boost Bitcoin as CPI Falls Short
Oppenheimer analyst Owen Lau believes that the lower-than-expected US CPI increase in April raises the likelihood of a Fed rate cut, which has positively impacted Bitcoin's price. Lau views a rate cut as the next major catalyst for Bitcoin after the spot ETF and halving events. Until a clear direction on the rate cut emerges, Lau anticipates that Bitcoin will trade within a limited range and remain susceptible to macroeconomic data. Previously on [date], [one liner summary of previous news].