Opinion: If the Fed's FOMC decision is dovish, it may trigger a recovery in Bitcoin

Odaily News Ryan Lee, chief analyst at Bitget Research, said that although Bitcoin has a historical correlation with gold as a macro hedge, Bitcoin's current trend (gold rises and Bitcoin falls) shows that it is more like a risky asset, affected by the uncertainty of Fed policy, profit-taking and the shift to traditional safe-haven assets. If the FOMC's resolution is dovish, it may trigger a recovery; if it is hawkish, it may deepen the adjustment. Bitcoin's short-term trend is closely related to broader economic signals, not just strengthening its role as digital gold. (CoinDesk)