BTC to see limited movement before US rate cut

According to CNBC, Owen Lau, an analyst at investment bank Oppenheimer, said, “The U.S. Consumer Price Index (CPI) rose 0.3% month-over-month in April, missing market expectations and increasing the chances of a Fed rate cut. This has had a modest impact on the BTC price. Spot ETFs, Halving, and the next catalyst after the halving is a rate cut. Until there is a clear direction on rate cuts, BTC will move in a limited range and be influenced by macro data.”