Recently, there has been a lot of good news in the global financial market, which has brought great confidence to investors.
The Bank of Canada recently announced a 25 basis point interest rate cut, which has undoubtedly injected new vitality into the global economy. At the same time, the market generally expects that the European Central Bank will follow suit, and the Federal Reserve may implement one or two interest rate cuts this year, all of which indicate that global monetary policy is gradually moving towards easing.
Combined with the bull market cycle of Bitcoin (Bitcoin) halving, we can see that the current market trend is very clear. Under such a macro background and cyclical laws, it is crucial for investors who are already fully invested to remain calm and patient. Frequent trading and position changes often bring unnecessary risks and losses, so it is recommended that you should not be easily affected by short-term market fluctuations.
As a leader in the cryptocurrency market, the price trend of Bitcoin is often affected by the global economy and monetary policy. With the easing of global monetary policy and the approaching Bitcoin halving, we have reason to believe that the price of Bitcoin will usher in a new rising cycle. Therefore, for those investors who already hold Bitcoin, now is a time worth cherishing.
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