$BTC
Is the price of Bitcoin stuck and making people anxious?
Don't worry!
Big news is coming!
Matrixport discovered that Bitcoin is currently stuck at a resistance level, and the market reaction is quite tepid. Even though ETFs are continuously attracting capital and retail investors are pushing U.S. stocks to new highs, Bitcoin still lacks momentum for a significant rise, showing a soft trend. With summer here, the cryptocurrency market is naturally quiet, and this sideways movement is common in previous years.
Moreover, people's views on the Federal Reserve's policies have changed; many officials are starting to question whether the inflation caused by tariffs can be sustained. The market's expectations for interest rate cuts are increasing, and the Federal Reserve's stance is gradually becoming more moderate. Under these circumstances, traders in cryptocurrencies may not be focusing on tariff negotiations anymore, but rather are keenly following the U.S. stock market. The current surge in U.S. stocks, fueled by substantial funds brought in by ETFs on Wall Street, might just be the spark that ignites the next round of explosive growth for Bitcoin!
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