Federal Reserve Board member Christopher Waller stated that he would support rate cuts if high tariff levels harm the job market. On Thursday (4/25), large tech stocks surged strongly, with the three major U.S. stock indices rising for three consecutive days. Bitcoin consolidated around $93K after several days of significant gains. The top ten cryptocurrencies hovered in small ranges yesterday, but the Coinglass Fear & Greed Index has risen to 63, indicating a greedy sentiment.
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ToggleFederal Reserve Likely to Cut Rates in June
In an interview with Bloomberg TV, Federal Reserve Board member Christopher Waller stated that he would support rate cuts if high tariff levels harm the job market. Cleveland Fed President Beth Hammack also told CNBC that the central bank could adjust rates as early as June if they have clear evidence of the economic direction.
Myles Bradshaw from JPMorgan Asset Management also said that Trump's tariffs are more likely to harm economic growth rather than stimulate inflation. He expects that after maintaining policy unchanged for a long time, the Federal Reserve will ultimately need to cut rates more aggressively.
The next Federal Reserve meeting will be held from May 6 to 7. According to the CME FedWatch index, investors generally believe the Federal Reserve will remain unchanged this time, but there is a chance of a rate cut in June.
Bitcoin Consolidates Near $93K, Market Sentiment Returns to Greedy Zone
Bitcoin consolidated around $93K after several days of significant gains. According to SoSoValue data, Bitcoin spot ETF has seen net inflows for four consecutive days, with fund inflows exceeding $900 million on both April 22 and 23, indicating a slight return of investor confidence in risk assets.
ETH has fallen from $1,800. According to SoSoValue data, the ETH spot ETF has not seen fund inflows, and the long-term weakness of ETH's price may have caused many to choose to leave.
The top ten cryptocurrencies hovered in small ranges yesterday.
The Coinglass Fear & Greed Index has risen to 63, indicating a greedy sentiment. In comparison, the CNN Fear & Greed Index for traditional finance remains low at 29, suggesting that crypto investors seem to have much stronger nerves.
Risk Warning
Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
