Analysis: Bitcoin remains stable as Fed rate cut hopes shift to September

Odaily News The Federal Reserve kept its policy rate unchanged and hinted that it could remain high after its meeting next month. Analysts expect the wait-and-see attitude to keep the market in a consolidation phase for several months, a trend that is bullish for Bitcoin.
Valentin Fournier, chief analyst at BRN, added that inflation has cooled and tariff concerns have eased, but slowing U.S. economic growth has raised concerns about stagflation. Fed Chairman Jerome Powell expressed confidence in the "deflationary trend" in a slightly dovish tone at a press conference after the meeting, but he pointed out that solid job growth and strong consumer spending provide policymakers with room to maintain high interest rates. With no urgency to cut rates, the Fed reiterated its wait-and-see approach and postponed expectations for the first rate cut until September. (The Block)