Bitcoin Price Flat Amid Signs 'Volatility May Be Cooling Off': Analysts
Bitcoin is currently stable around $85,000, with expectations of occasional dips before potentially surpassing $90,000 again. The cryptocurrency market is influenced by uncertainties related to Trump's tariffs and the Federal Reserve's slow response to interest rates. Trump criticized Fed Chair Jerome Powell, suggesting a need for quicker rate cuts. The European Central Bank has cut rates three times this year, while the Fed last did so in December. Analyst Valentin Fourner noted rising Bitcoin dominance, indicating altcoins may underperform. Bitcoin has decreased by 9.3% this year, while Ethereum has dropped by 52%. A lack of positive catalysts is challenging the crypto market. Binance is advising countries on establishing Bitcoin reserves, influenced by Trump's stockpile decision.
