USDJPY
EURUSD
Crypto
Bitcoin rallies thwarted by fading Fed rate cut odds, softening US macro
Key Takeaways (30s Read)
Weak US jobs data impacts Bitcoin pricing as investors shift to safer assets.
The recent Bitcoin market is under pressure as weak US job data has led to increased selling activity. Economic growth is slowing, prompting investors to shift into safer assets. This trend is a significant factor contributing to Bitcoin hovering around $90,000. Additionally, market sentiment is turning bearish, with some analysts warning of downward price risks in the short term. Attention is focused on upcoming economic indicators and the policies of the Federal Reserve. The impact of domestic and global economic trends on Bitcoin's movement is a point of interest.
AI Analyst
AI Opinion
"The current Bitcoin market is under pressure due to profit-taking activities stemming from the uncertainty surrounding the slowing US economy. Investors are sensitive to interest rate changes and economic indicators, especially considering the significant impact of Federal Reserve policy decisions on prices. The likelihood of a rebound in Bitcoin prices appears low, and the market may face further correction phases. Should US economic indicators worsen, there’s a risk that risk-averse behavior among investors could lead to more aggressive selling. Thus, it's crucial to pay attention to the data releases over the coming weeks."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.