Bitcoin aims for $110,000! Is the Federal Reserve the behind-the-scenes driver?
First, let's talk about Bitcoin, which has seen a skyrocketing price, having already surpassed $88,000. Analyst Harris predicts that due to the Federal Reserve's shift from tightening policies to injecting funds into government bonds, Bitcoin could potentially soar to $110,000 next. However, it may then drop back to challenge the $76,000 mark, and there are hopes it could rise to $250,000 afterward. I really agree with Harris's viewpoint; the Federal Reserve's monetary policy indeed has a significant impact on Bitcoin's price. Moreover, this month, the Federal Reserve's signals to cut interest rates have become very clear, and market liquidity is also recovering, with a positive market response.
Now, let's talk about Ethereum. The market situation has clearly improved recently. I've heard that Fidelity is issuing RWA-type assets on the Ethereum chain, and many who were previously bearish on Ethereum have completely reversed their stance, with some even claiming that Ethereum is heading towards the heights of Bitcoin, which is really exaggerated!