Opinion: Fed's Hawkish Stance Causes Brief Pullback, but BTC Uptrend May Continue

Although the Federal Reserve's meeting minutes showed a hawkish stance leading to a brief market pullback, analysts expect Bitcoin and the cryptocurrency market to resume their recent upward trend. Analysts point out that despite the possibility of the Federal Reserve maintaining high interest rates, Bitcoin's upward momentum remains strong, primarily benefiting from continued interest from institutional investors, progress in stablecoin regulation, and concerns over the declining appeal of dollar assets. Additionally, recent data shows that inflows into U.S. cryptocurrency ETFs have reached a new high since January, indicating deepening institutional participation. Analysts believe that although there may be short-term volatility, the fundamentals of the crypto market remain solid in the long term.
(The Block)