Gate Cryptocurrency News and Market Analysis

The International Monetary Fund (IMF) report states that U.S. inflation will not reach the 2% target until early 2027, indicating that high interest rates will persist. The fiscal deficit is projected to remain between 7% and 8% of GDP, warning of rising government debt. The IMF recommends fiscal consolidation instead of tariffs to reduce the deficit, which differs from the Trump administration's strategy. The report shows that room for interest rate cuts is structurally constrained, which also impacts the cryptocurrency market.

Bitcoin rebounded strongly on Wednesday, breaking through $70,000 and ending its decline since October. The market generally associates this rebound with the lawsuit against Jane Street, believing that structural selling pressure may have eased. Major cryptocurrencies all recorded double-digit gains, and market sentiment has significantly improved. Technical analysis shows support at $64,000, and breaking above $71,000 will be a key indicator of the rebound.

Bitcoin (BTC) experienced a sharp short-term rebound, temporarily trading around $65,810 on February 25, following the rebound of the US stock market. A White House spokesperson revealed that President Trump will not pardon FTX founder Sam Bankman-Fried. Sources familiar with the matter disclosed that Meta plans to re-enter the stablecoin sector in the second half of this year.