Fed Rate Cuts Not Coming Before June 2025, BTC Price Rally Delayed?

Quick Summary:

This has dwindled the chances of a Fed rate cut coming in March this year, which could further delay the chances of a BTC price rally to $200K this year.

The US non-farm payroll data (NFP) data showed that the US economy added greater than expected jobs last month in December 2024.

Following the all-time highs in December last month, the Bitcoin price has continued to stay under selling pressure slipping under $95,000 levels.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price 24/7 Cryptocurrency News Bitcoin News US Jobs data Fed rate cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 08:57:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25059740

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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