Approaching $100K milestone in Bitcoin price prior to Federal Reserve interest rate decision announcement
Check Out Bitcoin's Soaring Prices on Google News Today, Bitcoin, cryptocurrency's heavyweight champ, saw a peak of $97,771 on the Bitstamp exchange.
On the horizon, the U.S. Federal Reserve is gearing up to reveal its interest rate decision for Wednesday. The central bank is expected to stand pat on interest rates, something the betting folk at Polymarket agree with, as they see a mere 2% likelihood of a 25-basis-point rate cut.
Fed Chair Jerome Powell has been under the gun to slash interest rates, but the central bank has been standoffish due to persistent inflation above the usual 2% target. The recent CNBC Fed Survey in May indicates that most respondents anticipate a future rate cut because of economic issues.
#Bitcoin's Forecast: Riding the Bull in 2025With the Fed deciding to maintain interest rates at a steady 4.25%–4.50% on May 7, 2025, Bitcoin is currently trading above $96,000[1]. Some analysts predict that Bitcoin could still see gains due to macroeconomic forces and increased liquidity, with a potential reach of $100,000[1]. More ambitious forecasts set the target at a staggering $250,000 by the end of 2025, based on favorable macroeconomic conditions and increasing institutional adoption[2].
Short-term predictions fluctuate, with some analysts projecting a possible rise to approximately $112,938 by May 11, 2025[5]. In summary, while there's a spread in predictions, there's a sense of optimism about Bitcoin's growth potential despite the Fed's rate decision.
Here's a snapshot of some predictions:
| Timeframe | Forecast Range | Source ||-----------------------|------------------------------------|-----------------------------|| End of 2025 | Up to $250,000 | Unchained[2] || May 2025 | $103,810 - $135,831 | Changelly[5] || Current | Above $96,000 | Binance[1] |
This range of estimates showcases the vast array of views on Bitcoin's price evolution following the Fed's decision.
- The ongoing pressure on Fed Chair Jerome Powell to lower interest rates could have an imminent impact on Bitcoin's trading, as some analysts predict Bitcoin's price could surpass $112,938 by May 11, 2025.
- Goldman Sachs might be under the fact that the Fed's decision to maintain interest rates could influence Bitcoin's current trading rates, as Bitcoin is currently trading above $96,000 according to Binance.
- The recent surge in bitcoin's price, with Ethereum not far behind, indicates a growing interest in crypto finance and technology among investors, which could lead to increased liquidity and potentially drive Bitcoin's price towards the predicted $100,000.
- The increasing institutional adoption of Bitcoin and other cryptocurrencies has played a significant role in price predictions, as forecasts set the target at a staggering $250,000 by the end of 2025 by some analysts, based on favorable macroeconomic conditions and increased institutional adoption.
- Analysts agree that Bitcoin's price could still see gains due to macroeconomic forces in 2025, even with the Fed maintaining interest rates at a steady level.
- However, the short-term predictions for Bitcoin's price fluctuate, with some analysts suggesting a more conservative range of $103,810 to $135,831 for May 2025, according to Changelly. The long-term outlook remains optimistic, with a sense of anticipation for Bitcoin's growth potential despite the Fed's rate decision.
