Goldman Sachs lowers expectations for the Federal Reserve's interest rate cut, Bank of America believes that the Federal Reserve may extend the pause in cutting rates or even raise them

According to CoinDesk, influenced by the better-than-expected employment data in the United States, Goldman Sachs has lowered its expectations for a Federal Reserve rate cut. Goldman Sachs has postponed its first expected rate cut from March to June and predicts only two cuts in 2025. Bank of America is more cautious, believing that the Fed may extend its pause on interest rate cuts and there might even be a risk of an increase. The market is paying attention to the CPI data set to be released on January 15th; a fifth consecutive month-on-month growth of 0.3% could further strengthen hawkish expectations.

Since the Federal Reserve's first interest rate cut in September 2023, Bitcoin has risen by over 50%, once breaking through a historical high of $108,000. Currently, it is widely anticipated in the market that Bitcoin may test support at $92,000 - this price level has been providing continuous support since November last year.