Bitcoin Falls Back After Attempt at $72K, but Fed, U.S. Data and Global Rate Cuts May Bring New All-Time Highs

The big insupportable going forward is if the U.S. Federal Reserve might join the rate cutting trend, and while some members of that medial bank have suggested any monetary easing could be a 2025 story, recent data has shown softening in both inflation and monetary growth. Tomorrow will bring the government’s May employment report and a weak read could boost the odds of an forthcoming Fed rate cut.