Federal Reserve Governor Christopher Waller indicated he would support interest rate cuts if excessive tariff levels harm the job market. On Thursday (4/25), major tech stocks surged strongly, propelling all three major US stock indices to their third consecutive day of gains. Bitcoin consolidated near $93K after several days of significant rallies. While the top ten cryptocurrencies by market cap showed minimal price movements yesterday, the Coinglass Fear & Greed Index has climbed to 63 – firmly in the "Greed" territory.
Federal Reserve Signals Potential June Rate Cut
During a Bloomberg TV interview, Federal Reserve Governor Christopher Waller stated that he would endorse rate reductions should aggressive tariffs negatively impact employment. Cleveland Fed President Beth Hammack echoed this sentiment in a CNBC interview, suggesting the central bank could adjust rates as early as June if clear economic trajectory evidence emerges.
Myles Bradshaw from J.P. Morgan Asset Management added that Trump-era tariffs are more likely to hinder economic growth than stimulate inflation. He anticipates the Fed will eventually need to implement more aggressive rate cuts after an extended period of policy stability.
The Fed's next policy meeting is scheduled for May 6-7. CME Group's FedWatch Tool shows markets pricing a high probability of rates holding steady in May, with a strong chance of a 25-basis-point cut in June.
Bitcoin Stabilizes Near $93K as Market Sentiment Shifts to Greed
After its recent bullish run, Bitcoin entered a consolidation phase around the $93K level. SoSoValue data reveals Bitcoin spot ETFs have recorded four consecutive days of net inflows, with April 22-23 seeing inflows exceeding $900 million daily – signaling returning investor confidence in risk assets.
Ethereum retreated from its $1,800 position, with SoSoValue noting continued absence of inflows for ETH spot ETFs. This prolonged price stagnation may be driving some investors away from the second-largest cryptocurrency.
The top ten cryptocurrencies by market cap all traded within narrow ranges yesterday.
The Coinglass Fear & Greed Index's jump to 63 (Greed) contrasts sharply with traditional finance's CNN Fear & Greed Index remaining at 29 (Fear), suggesting crypto investors are displaying remarkable risk tolerance.
Key Market Takeaways
👉 Why Bitcoin's ETF inflows matter for long-term holders
👉 How to interpret crypto fear/greed indices
FAQ Section
Q: What does a 63 reading on the Fear & Greed Index indicate?
A: Scores between 60-74 suggest "Greed" – investors are becoming more risk-seeking, which historically sometimes precedes market corrections.
Q: Why might the Fed cut rates in June?
A: Potential triggers include weakening employment data, economic slowdown signs, or excessive tariff impacts on growth.
Q: How significant are Bitcoin's $900M daily ETF inflows?
A: These volumes represent institutional participation levels last seen during January's ETF approval frenzy, indicating renewed institutional interest.
Q: Is Ethereum's underperformance concerning?
A: While ETH trails BTC recently, its ecosystem fundamentals (Layer 2 activity, staking yields) remain strong long-term indicators.
Risk Disclosure: Cryptocurrency investments carry substantial risk, with prices subject to extreme volatility. Investors may lose their entire capital. Always conduct thorough risk assessment.
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