Bitcoin (BTC) price compresses below $72,000, but amid weak US data, Dovish Fed could hit record highs with global interest rate cuts

The biggest question going forward is whether the U.S. Federal Reserve (Fed) can join the trend of lower interest rates. Some members of the central bank have suggested that monetary easing could be the story of 2025, but recent data shows both inflation and economic growth slowing. The government’s May employment report is due out tomorrow and a weak reading could increase the chances of a rate cut from the Federal Reserve.