Bitcoin's price remained stable at around $104,300 as Federal Reserve Governor Christopher Waller suggested that a rate cut could occur as early as July. This comes after the Fed decided to hold interest rates steady for four consecutive months. Waller believes that with inflation lower than expected, the Fed has an opportunity to reduce borrowing costs before the labor market deteriorates. Economists remain divided on the Fed's outlook, with some predicting two rate cuts later this year while others foresee no changes due to concerns about rising inflation. Bitcoin's performance in the past has often mirrored Fed decisions; for example, it rallied when rates were slashed in the previous year. With ongoing geopolitical tensions and economic uncertainties, the future of interest rates remains clouded, making professional opinion on the matter increasingly critical for risk assets like cryptocurrencies.

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