- Bitcoin has held on to the $100k-level, despite $35M in short liquidations and rising macro uncertainty
- Trump’s Fed Chair comments and strong S&P rally added fuel to crypto’s short-term bounce
Bitcoin’s [BTC] resilience has been on full display lately.
Despite a barrage of macro noise, rate cut odds, Trump’s Fed shakeup tease, and institutional reshuffling, BTC is still trading above $100,000 on the charts.
And in doing so, it has kept FOMO on a low simmer without flipping into euphoria.
Such a setup screams bullish continuation. You see, we’re halfway through 2025, and the market’s leaning hard into the rate-cut narrative – 97.4% odds for a cut at the next FOMC.
That’s a big vote of confidence.
However, here’s the thing – What if the Fed doesn’t budge? What if the CPI ticks higher and inflation throws a wrench in the plan? Mid-June could get messy.
On the contrary, if BTC retains its strength, it could set the tone for a breakout heading into the second half of the year.
Resilient labor market strengthens BTC’s macro setup
May’s Non-Farm Payrolls report came in solid. 139,000 jobs added vs. 125,000 expected, though slightly below April’s 147,000.
The unemployment rate stayed at 4.2%, highlighting a steady but healthy labor market.
Skeptics might argue that this strong employment data contradicts the idea of a rate-cut pivot. After all, why lower borrowing costs when economic activity is stable?
David Hernandez, Crypto Investment Specialist at 21Shares, told AMBCrypto,
“BTC has found solid footing above the meanin
Go to Source to See Full Article
Author: Ritika Gupta
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
