$BTC
The Federal Reserve remains on hold,
Is Bitcoin seizing an opportunity?
Recently, they decided to keep the policy interest rate unchanged and hinted that they might continue to maintain high rates in the coming months. Everyone was eagerly anticipating a rate cut, but now that hope has been pushed back to September. This decision has left the market in a wait-and-see mode, but it has unexpectedly created opportunities for Bitcoin.
Analysts generally believe that the Federal Reserve's wait-and-see attitude will lead to market consolidation for several months. As a decentralized and borderless digital asset, Bitcoin can take advantage of this moment to attract more capital inflow. It's important to note that regardless of how the Federal Reserve formulates policies domestically, Bitcoin has unique advantages that attract global investors' attention.
BRN Chief Analyst Valentin Fournier pointed out that although inflation has eased and concerns over tariffs have somewhat diminished, the slowdown in the U.S. economic growth has raised worries about stagflation. Federal Reserve Chairman Jerome Powell expressed confidence in the “deflationary trend” during a press conference, his tone sounding somewhat dovish. However, he also mentioned that employment growth is stable and consumer spending remains strong, which gives policymakers reasons to continue maintaining high rates.
Since there is no immediate pressure for a rate cut, the Federal Reserve reiterated its wait-and-see stance, delaying expectations for the first rate cut until September. This could pose a significant challenge for the market, but it might be good news for Bitcoin. In an environment of increasing market uncertainty, Bitcoin may become a “safe haven” in the eyes of investors, and its price trend could continue to seek stability while progressing. What do you think will happen to Bitcoin in the future? Feel free to comment!
