BTC Holds Steady as Fed Rate Cut Looms, Rising Treasury Yields Suggest Caution: Analysts

Bitcoin (BTC) rose Monday, supposedly in anticipation of a Federal Reserve interest-rate cut this week, although a continued rally in Treasury yields signaled caution. The Fed is expected to cut the target interest rate by 25 basis points to the 3.5%-3.75% range. It would be the third straight reduction in the cost of borrowing, amounting to a cumulative easing of 175 basis points since September 2024. Rate cuts typically inject liquidity into the financial system. This cheaper capital encourages lending ...