🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
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Analysts Explained: Bitcoin Price Could Take Off Like This! - Coin Bulletin
Mixed economic data from the U.S. has strengthened expectations that the Fed may cut interest rates in May, and this is being interpreted as a positive development for Bitcoin (BTC).
The latest data released in the US economy has caused confusion in the markets. In the first quarter, the country's economy unexpectedly contracted by 0.3%, while the employment increase in the private sector was only 62,000, significantly below expectations. This weak picture has increased the likelihood that the Federal Reserve may consider a rate cut at its May meeting.
The Personal Consumption Expenditures (PCE) inflation closely monitored by the Fed increased by 2.3% year-on-year, aligning with expectations, while the Core PCE, excluding energy and food prices, fell to 2.6%. After the release of economic data, Bitcoin briefly dropped below 94 thousand dollars, and an approximate 4% decline was observed across the market. Leading altcoins such as Ethereum (ETH) and Solana (SOL) were also affected by this decline.
( interest opportunity for Bitcoin
Cryptocurrency investment company 21Shares expert David Hernandez emphasized that the market expectations for the Fed's rebates have strengthened. Hernandez stated, “Fed futures are currently indicating the likelihood of 4 or more interest rate cuts this year. As signs of economic slowdown increase, controlling inflation may push the Fed towards more accommodative policies.”
Dr. Kirill Kretov from CoinPanel also stated that rebate expectations and the falling dollar will be supportive for Bitcoin. According to Kretov, low bond yields and loose monetary policy are creating a positive macro environment for Bitcoin. Additionally, the Trump administration's pressure on the Fed for interest rate cuts is also increasing the upward potential for Bitcoin.
The eagerly awaited interest rate decision of the Fed will be announced on May 6-7 and is critically important for the cryptocurrency markets.