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Before the Fed’s interest rate decision is announced, Bitcoin may continue to rise due to the decline in the US dollar index
According to TechFlow, the Federal Reserve will announce its latest interest rate decision on May 7. Although the market expects interest rates to remain unchanged, Bitcoin may continue to rise. The reasons include the possibility that the U.S. Treasury may inject liquidity to avoid an economic recession.
The U.S. dollar index fell below 100, hitting a new low since July 2023. Gold rose by more than 12% in 30 days, approaching its historical high.
The U.S. dollar index fell below 100, hitting a new low since July 2023. Gold rose by more than 12% in 30 days, approaching its historical high.
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