Bitcoin’s price recovery has stopped as focus moves to the upcoming interest rate decision by the Federal Open Market Committee.

Bitcoin was trading between $95,000 and $96,000 on Sunday, which is about 30% higher than its lowest point in April this year.

The price changes happened around the time President Donald Trump said that trade discussions between the United States, China, and other countries are still happening.

China’s Ministry of Commerce stated that it is willing to talk with the Trump administration, but tariffs have made it difficult.

According to the Wall Street Journal, China is also considering making a “potential fentanyl offer,” as Trump frequently cites drug trafficking to justify tariffs.

The upcoming decision on interest rates by the Federal Open Market Committee (FOMC) will be an important factor for Bitcoin’s price, influencing expectations for the second half of the year.

Economists believe that the US Federal Reserve will maintain interest rates at 4.5%. Officials will be careful about increasing inflation. They also anticipate that prices will gradually increase as Trump’s tariffs are implemented.

Officials are worried that the economy might be heading into a recession. Last week’s data revealed that the economy shrank by 0.3% in the first quarter, marking its worst performance since 2022.

Because of this, officials might still suggest a 0.25% cut at the June meeting, as traders at Polymarkets anticipate. This change could likely spark the next Bitcoin price rally.