Analyst: The Fed’s rate cut may inject more funds into the market, thereby driving Bitcoin to rise faster

Odaily News The 2024 Bitcoin halving will reduce the block reward from 6.25 BTC to 3.125 BTC. Despite rising concerns about a global trade war, data shows that BTC has risen by more than 33% since April 2024.
Enmanuel Cardozo, market analyst at Brickken, an asset tokenization platform, said: "Although Bitcoin has shown resilience, I think past experience, current economic uncertainty, and selling pressure in the market are still keeping investors on the sidelines, waiting for clearer entry signals. Investments from institutions such as Strategy and Tether may accelerate Bitcoin's traditional four-year halving cycle. Bitcoin's trend is still closely related to broader monetary policy. A rate cut by the Federal Reserve in May or June could inject more money into the system, driving Bitcoin up faster." (Cointelegraph)