Although there are still uncertainties in US-China relations, Bitcoin is expected to continue its upward trend.
According to the Japanese cryptocurrency exchange Bithumb, Bitcoin prices have shown volatility while maintaining a solid trend. As of noon on the 13th, it is trading in the mid-11 million yen range.
Last week, concerns about a 'Black Monday' emerged in the US market, and on the 7th, Bitcoin fell below 11 million yen in the Tokyo market. However, with news that Trump could delay mutual tariff application by 90 days, it rebounded to 12 million yen.
Yuya Hasegawa, a Bithumb analyst, explained that "amid intensifying US-China trade friction, the slowdown in consumer price index (CPI) has become clear, increasing the possibility of an earlier Federal Reserve (Fed) rate cut."
He added, "Even in the first Trump administration, the Fed cut rates three times about a year and a half after tariff increases" and "considering the current US economic situation, the period until a rate cut could be significantly shortened."
He forecast that if the US economy maintains some stability until the Fed's Jackson Hole meeting in August, where a policy shift may be announced, the rate cut could come after summer.
Hasegawa predicted, "While US-China relations still require caution, Bitcoin is expected to maintain a solid trend as the market digests related information and the prospect of a rate cut due to CPI slowdown becomes prominent."
Real-time news... Go to Token Post Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
