Bitcoin (BTC) News Today: Fed Rate Outlook Weighs on BTC, Trump’s Support Unheeded

According to the CME FedWatch ToolThe probability that the Federal Reserve will hold firm in September increased from 35.2% to 50.2% in the week ending May 24.

US-BTC spot ETF market flow data reflects on the effects of the Fed's rate path on BTC demand. Net inflows will trend downward on Wednesday and Thursday. However, the BTC spot ETF market recorded total net inflows of $1,056.7 million in the week ending May 24, supporting BTC at current price levels.

US consumer confidence numbers (May 28) and US Personal Income and Expenditure Report (May 31) could further influence sentiment towards the Fed's rate path .An unexpected rebound in consumer confidence, rising trends in personal income and spending, and persistent inflation may sink bets on a Fed rate cut in September.

Market sentiment toward the Fed's rate path eclipsed that of GOP front-runner Donald Trump. support for the crypto market.

However, ethereum (ETH) had a contrasting Sunday session, gaining 2.01% to end the week up 24.59% at $3.826. Progress towards an ETH spot ETF market in the US boosted buyer demand for ETH.

Technical analysis

bitcoin analysis

btc sat above 50 and 200 days It's notsending bullish price signals.

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