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Central BanksMedium•7 April 2026•

1 min read

Citigroup Delays Fed Rate Cut Forecast to September, Pressuring Crypto Markets

Key Facts

1Citigroup delayed its forecast for the first Federal Reserve rate cut from June to September 2026.

2Bitcoin price is currently consolidating at the $68,000 support level amid selling pressure.

3Ethereum is trading above the $2,000 level as investors watch geopolitical developments.

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Citigroup has officially revised its forecast for the Federal Reserve's first interest rate cut, delaying the expected timeline from June to September. This shift towards a 'higher for longer' monetary policy stance has triggered a correction across the cryptocurrency market. Bitcoin is currently consolidating around the $68,000 support level as selling pressure intensifies. Meanwhile, Ethereum continues to trade above $2,000, though investor sentiment remains cautious due to macroeconomic uncertainty. The market is also grappling with heightened geopolitical tensions between the United States and Iran, which are weighing on high-risk assets. Analysts suggest that reduced liquidity expectations are dampening the appetite for non-yielding assets like BTC and ETH. Investors remain on high alert for further signals regarding inflation and central bank policy.