Important points
BitcoinBTCAt the Wall Street opening on 6 June, the dollar reached $104,000 as US Labor Market data was contrasting with renewed calls for rate cuts.
Bitcoin rises as Trump makes Fed move
The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD rose 2.5% in the last 24 hours.
After recovering from snap losses As Trump turned his focus to the Federal Reserve, the markets took in new inflation indicators.
“‘Too Late’ at the Fed is a disaster!” He wrote Truth Social’s daily posts are a part of this.
Trump no stranger to criticism of both Fed policy and Chair Jerome Powell, and has frequently demanded interest-rate cuts in 2025 — something that would benefit risk assets and crypto.
“Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great,” He then continued to refer to Powell.
“Go for a full point, Rocket Fuel!”
The following are some of the ways to get in touch with us. Cointelegraph previously reportedCME Group data shows that the markets do not expect any Fed rate cuts before September’s meeting. FedWatch ToolThe full value of Trump’s point is fully priced.
On the other hand, the non-farm payrolls figures for that day seemed to back up the Fed’s approach. They showed a robust labor market which reduced the need to cut rates.
The following are some of the ways to get in touch with each other official release The US Bureau of Labor Statistics confirmed this. “total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2 percent.”
Bitcoins: An analysis warns “liquidity trap”
TheKingfisher (a well-known trader) returned to his order book to get hints on the direction of the market.
Related: Bitcoin Hash Ribbons metric just delivered its 3rd ‘buy’ signal of 2025
Cointelegraph had earlier noted that various price forecasts for BTC/USD were predicting a short-term decline. Commentators agreed on this. fall below $100,000.
“This $BTC liquidation map (optical_opti timeframe) reveals a massive cluster of long liquidations between ~99k and 102k,” A part of an X post The day you read is important.
“That’s a huge magnetic zone below current price. In contrast, short liquidations above ~104.5k are minimal.”
TheKingfisher also added that the result “strong imbalance” A cascade in liquidity risk was caused by a large difference between the liquidity of ask and bid.
“Normies see support; we see a liquidation trap,” The post is summarized.
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Source: cointelegraph.com
