🏦 Impact of monetary policy
Investors are closely watching the Federal Open Market Committee (FOMC) meeting of the Federal Reserve. Interest rates are expected to remain between 4.25% and 4.5%, but any hints about future cuts could influence the markets, including the cryptocurrency market.
🌐 Market trends
The recent electoral victory of Donald Trump has generated expectations about the creation of a strategic Bitcoin reserve in the U.S., which has boosted institutional interest. Companies like BlackRock have made significant acquisitions of Bitcoin, reinforcing their position in the market.
📉 Recent fluctuations
Recently, #Bitcoin briefly fell below $94,000, marking its monthly low. However, the optimism generated by trade talks between the U.S. and China has contributed to its recovery.
🔮 Future outlook
Analysts anticipate that the speech of Jerome Powell, chairman of the Federal Reserve, will be key in determining the direction of interest rates in the coming months. Additionally, some projections suggest that $BTC could reach $121,243 by May 12, 2025, representing a 24.86% increase in five days.
