<ul><li>The cryptocurrency market, including Bitcoin, experienced a 5% dip in market capitalization despite favorable Core Personal Consumption Expenditures data in the US.</li><li>An industry expert, Jim Bianco, explained that the US Federal Reserve is unlikely to cut interest rates in the next three Federal Open Market Committee meetings due to the rebounding US economy.</li><li>Bianco highlighted that slowed imports, driven by increased trade tariffs, have positively impacted the nation's GDP, making a rate cut unnecessary at this time.</li><li>Generally, Fed rate cuts are beneficial for Bitcoin and the crypto market as they attract investors seeking higher gains in alternative markets, though a positive economic landscape is also favorable for these riskier assets.</li></ul>

Expert Explains Why Fed Rate Cuts Are Not Imminent — Should Bitcoin Faithfuls Hold On?

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