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Analyst: Mixed U.S. economic report may stimulate the Fed to turn dovish, which is good for Bitcoin
2025-04-30 16:39

Odaily News Recent U.S. economic data has been mixed, including slowing GDP growth, falling consumer spending and a weak job market, sparking market expectations that the Federal Reserve may turn to a dovish stance at its May policy meeting. Analysts believe that if the Fed slows down rate hikes or considers cutting rates, it will be beneficial to the performance of risky assets such as Bitcoin. Citi Chief Economist Andre Hollenhorst said that continued weakness in the labor market could prompt the Fed to cut interest rates faster than the market expects. Currently, the market only expects a 50 basis point rate cut by mid-2026. Bitcoin prices have recently fluctuated between $93,000 and $95,000, and investors are paying attention to the impact of changes in the Fed's policies on its trend. (The Block)