Analysis: Mixed US economic report may stimulate the Fed to turn dovish, which is good for Bitcoin

Planet Daily News: Recently, U.S. economic data has shown mixed performance, including slowing GDP growth, declining consumer spending, and a weak job market, which has raised market expectations of the Federal Reserve potentially adopting a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down rate hikes or considers rate cuts, it could benefit risk assets like Bitcoin. Citi's chief economist Andre Hollenhorst stated that the continued weakness in the labor market might prompt the Federal Reserve to cut rates faster than the market expects. Currently, the market only anticipates a 50 basis point rate cut before mid-2026. Bitcoin's price has been fluctuating between $93,000 and $95,000 recently, with investors focusing on the potential impact of Federal Reserve policy changes on its trend. ()