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Bitcoin pushes for $98K as 2025 Fed rate cut odds flip 'pessimistic'

Cointelegraph.com NewsKey points:Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten.The Federal Reserve interest rate decision and press conference is just hours away.Market sentiment for rate cuts in 2025 decreases sharply ahead of the FOMC meeting.Bitcoin (BTC) saw a flash short-term trend change into May 7 as geopolitical triggers gave risk assets fresh volatility.BTC/USD 1-hour chart.… 

​Key points:Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten.The Federal Reserve interest rate decision and press conference is just hours away.Market sentiment for rate cuts in 2025 decreases sharply ahead of the FOMC meeting.Bitcoin (BTC) saw a flash short-term trend change into May 7 as geopolitical triggers gave risk assets fresh volatility.BTC/USD 1-hour chart.… 

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