Bitcoin and Ethereum prices have come under pressure as Citigroup delays Fed Rate Cut timeline from June to September
The cryptos are undergoing a price correction, where BTC is consolidating at its $68k support level and ETH trades above $2k. The prevailing geopolitical concerns, especially those involving the relationship between the United States and Iran, have intensified the risk-off mood.
Citigroup Adjusts Fed Rate Cut Timeline to September
Citigroup recently announced that it is pushing back its timeline for the Federal Reserve’s expected rate cuts, moving them from June to September. This change comes amid good employment figures in the U.S. for March, along with worries about high inflation rates.
The prediction made previously was that the rate cuts would begin from mid-year, but this has now changed, with the bank predicting the rate cuts will occur in September, October, and December.
🚨 #Fed Rate Cut Outlook As #Citigroup Delays Timeline from June to September
This change comes as #traders continue reducing expectations for near-term easing ahead of the #Federal Reserve’s April meeting. The bank now expects cuts later in 2026 after earlier forecasts pointed… pic.twitter.com/iLWh4Kszp4
— CoinGape (@CoinGapeMedia) April 6, 2026
The reason for this change in predictions is the strength of the U.S. employment sector, which has surpassed all expectations. With the current inflation situation, it appears that there will be no rate cuts in the near future.
These delays in rate cuts have, in turn, affected the stock market, with high-risk assets such as Bitcoin and Ethereum bearing the brunt of the effects.
Crypto Market Struggles after Trump Rejected Iran’s Ceasefire Proposal
The Bitcoin and Ethereum price are facing downward pressure following rising geopolitical tensions. These factors come amid the denial by U.S. President Donald Trump of a temporary ceasefire offer made by Iran.
The strong position of Trump on opening up the Strait of Hormuz, along with the ongoing U.S.-Israeli attacks against Iran’s Kharg Island, has led to apprehensions about an escalation of hostilities.
Against this backdrop of increasing political tensions, risk-off mentality has set in among the trading community, causing investors to sell off their risk assets, such as cryptos.
BTC and ETH Spot ETFs See Strong Inflows
On April 6th, spot ETFs for Bitcoin and Ethereum attracted impressive investments, as both assets showed strong demand from investors. The data provided by SoSoValue, the net investment amount in Bitcoin spot ETFs reached $471 million. This was a major gain in terms of popularity among cryptocurrencies. The investments in Ethereum spot ETFs were quite successful, with net inflow reaching $120 million.
According to SoSoValue data, on April 6 (ET), Bitcoin spot ETFs recorded a total net inflow of $471 million; Ethereum spot ETFs saw a total net inflow of $120 million, with none of the ten ETFs recording net outflows. pic.twitter.com/5AO9Bg9xjZ
— Wu Blockchain (@WuBlockchain) April 7, 2026
Notably, there were no instances of any outflows from the ten ETFs in this category. This trend reflects the overall positive attitude towards the development of ETFs based on digital currencies.
Thus, the success of both Bitcoin and Ethereum spot ETFs suggests that the interest of investors in cryptocurrencies is still very high.
Bitcoin and Ethereum Price Outlook: Key Support Levels to Watch
Bitcoin long-term prediction will depend heavily on its ability to maintain crucial support zones. If the price of BTC holds above $67,300, it could see a potential rebound towards the range of $70k-72k. However, a break below $65k could lead to of support leves were further corrections may follow.
The Ether price is facing pressure after dropping below its 50-day Exponential Moving Average. If Ethereum fails to hold the $2,000 support, it could drop towards $1,900. On the other hand, if future ETH outlook hovers above $2,000, there could be a recovery toward $2,200.