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Analyst: The Federal Reserve's interest rate decision will determine whether Bitcoin can break through $112,000.
[Analyst: The Federal Reserve's interest rate cut decision will determine whether Bitcoin can break through $112,000] According to Cointelegraph, CMC Markets analyst Carlo Pruscino stated that if the Federal Reserve cuts interest rates earlier than the market expects, it may drive the price of Bitcoin back up to the psychological level of $112,000. Currently, 97.5% of market participants expect the Federal Reserve to maintain the interest rate in the 4.25%-4.50% range at the meeting on June 18. Analysts point out that the U.S. employment report will be a key indicator for The Federal Reserve (FED) rate decisions and the short-term trend of Bitcoin, while the uncertainty of Trump's tariff policy remains an unknown factor facing the FED's decision-making.