Bitcoin Sees Strength Amidst Uncertain Fed Decision

Bitcoin’s price holds steady above $108,000 despite uncertainty surrounding the June 18th Federal Open Market Committee (FOMC) meeting. While a rate cut is anticipated by investors, the CME FedWatch Tool indicates near certainty of no change. This follows robust employment data and persistent inflation pushing back against the possibility of easing measures. Experts point to strong economic indicators and the lingering impact of trade tariffs as factors behind the Fed’s cautious stance on interest rates.