#BigCat_Insights |
Bitcoin at $121,000 USD in May?
🏦 Impact of monetary policy
Investors are watching the Federal Open Market Committee (FOMC) meeting of the U.S. Federal Reserve. Interest rates are expected to remain between 4.25% and 4.5%, but any indication of future cuts could influence the markets, including the cryptocurrency market.
🌐 Market trends
Donald Trump's recent electoral victory 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, strengthening 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 Jerome Powell's speech, the chair of the Federal Reserve, will be key to determining the direction of interest rates in the coming months. Additionally, some #proyecciones suggest that $BTC could reach $121,243 by May 12, 2025, representing a 24.86% increase in five days.
#criptonews #ActualidadCripto
