Bitcoin Falls to $62K Support Zone as Fed Pauses Rate-Cut Outlook on Strong Jobs Data

BTC-1.28%
According to BlockBeats on June 9, major Wall Street institutions including Goldman Sachs have reversed near-term rate-cut expectations following strong employment data, with market traders now pricing in prolonged higher rates and potential further increases. Goldman Sachs canceled its year-end rate-cut forecast, while Charles Schwab indicated the Federal Reserve's rate-hike threshold is declining. Bitcoin has dropped below prior support levels and is testing critical demand around $62,000, reflecting diminishing risk appetite amid macro headwinds. Market participants are watching this week's U.S. CPI data as a key decision point; if energy prices continue flowing into consumer inflation, rate-hike bets may intensify further, putting additional liquidity pressure on risk assets including cryptocurrencies.
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