According to Mars Finance, recent U.S. economic data has shown mixed results, including a slowdown in GDP growth, a decline in consumer spending, and a weak job market, raising market expectations that the Federal Reserve may shift to a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down interest rate hikes or considers cutting rates, it will benefit the performance of risk assets such as Bitcoin. Citi’s chief economist Andre Hollenhorst stated that the ongoing weakness in the labor market could prompt the Federal Reserve to cut rates faster than the market expects. Currently, the market only anticipates a 50 basis point cut before mid-2026. Bitcoin’s price has recently fluctuated between $93,000 and $95,000, with investors following the impact of changes in Federal Reserve policy on its trend. (The Block)
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