Analysis: Bitcoin remains stable as Fed rate cut hopes shift to September

The Federal Reserve kept policy rates unchanged and hinted that it may still maintain high rates after the next month's meeting. Analysts expect the wait-and-see attitude to keep the market in a consolidation phase for several months, a trend that is favorable for Bitcoin.

BRN Chief Analyst Valentin Fournier added that inflation has cooled, tariff concerns have eased, but the slowdown in US economic growth has raised concerns about stagflation. Federal Reserve Chairman Jerome Powell expressed confidence in the "deflationary trend" at the post-meeting press conference, with a slightly dovish tone. However, he pointed out that job growth is robust, consumer spending is strong, providing policymakers with room to maintain high rates. With no urgency to cut rates, the Federal Reserve reiterated its wait-and-see approach, postponing expectations for the first rate cut to September. (The Block)