Bitcoin Holds Ground as Fed’s Waller Calls for July Rate Cut
Bitcoin's price remained stable at $104,300, down 0.6% since recent missile exchanges between Israel and Iran. Ethereum traded around $2,500, while Solana saw a slight increase. U.S. Federal Reserve Governor Christopher Waller suggested interest rate cuts could begin as early as July, citing lower-than-expected inflation. The Fed has held rates steady for four consecutive meetings, with most policymakers anticipating two quarter-percentage-point cuts this year. Waller emphasized the need for timely rate cuts to avoid negative impacts on the job market. Fed futures traders currently estimate a 14% chance of a July rate cut, down from 28% a month prior. The central bank's benchmark rate has been stable at 4.25% to 4.5% since December. Lower interest rates typically benefit risk assets like cryptocurrencies.
