Bitcoin Falls as U.S. Stock Futures Point to Weaker Open; Fed Meeting Eyed -- Market Talk

Dow Jones

05-05

0925 GMT - Bitcoin falls as U.S. stock futures point to a weaker open and traders exercise caution ahead of Wednesday's Federal Reserve decision. Rates are expected to be left on hold while Friday's better-than-forecast U.S. jobs data could temper the chances of near-term rate cuts. U.S. money markets now price in three 25 basis-point rate reductions over 2025, having recently priced in as many as four. Worries about trade tensions also resurface after President Trump authorized a 100% tariff on films produced overseas. Bitcoin falls 1.3% to $94,514, according to LSEG data. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

May 05, 2025 05:26 ET (09:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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