Bitcoin is holding steady above $117,000 after a sharp rally, with traders watching for monetary easing signs. Upcoming CPI and PPI data, alongside new tariffs from President Trump, could complicate the outlook.
Bitcoin Stability and Expectations
Bitcoin remains steady, and traders are keenly observing for any signs of continued monetary easing. However, slight upticks in consumer prices are expected, which might affect rate cut expectations.
Effect of New Tariffs on Inflation
New tariffs on goods from Canada, Mexico, and the EU could add fuel to inflationary pressures. Some analysts warn that these measures may negatively impact crypto markets.
Market Outlook and Federal Reserve Comments
Federal Reserve officials are scheduled to speak throughout the week, and their comments could influence market positioning. Recent Fed minutes reveal a divide among policymakers regarding easing measures.
Given the mounting macroeconomic risks and important data on the horizon, traders are preparing for a volatile week that could reshape near-term expectations for Bitcoin.
