Fed Rate-Cut Bets Shift to July as Bitcoin Holds $66,000–$70,500 Range

Market expectations for a Federal Reserve rate cut moved to July from June on Feb. 27, after bets on an immediate move by Fed nominee Walsh cooled, BlockBeats reports. The IMF projects 2024 U.S. growth at 2.4% with unemployment around 4%, implying only one possible 25-basis-point cut over the next year. Bitcoin traded near the midpoint of a $66,000–$70,500 range, with short positions clustered between $69,000 and $70,500 and long support between $66,000 and $66,500.