Analysis: The mixed results of the US economic report may stimulate the Federal Reserve to turn dovish, which is positive for the trend of Bitcoin

Odaily Planet Daily reported that recent US economic data has shown mixed performances, including a slowdown in GDP growth, a decrease in consumer spending, and a weak job market, leading to market expectations that the Federal Reserve may shift towards a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down or considers cutting interest rates, it will benefit the performance of risk assets such as Bitcoin. Citi Chief Economist Andre Hollenhorst said that the continued weakness in the labor market may prompt the Federal Reserve to cut interest rates faster than market expectations. At present, the market only expects a 50 basis point interest rate cut before mid-2026. The price of Bitcoin has fluctuated between $93000 and $95000 recently, and investors are concerned about the impact of changes in Federal Reserve policies on its trend. （The Block）