Opinion: After a brief pullback caused by the Fed's hawkish stance, Bitcoin and crypto markets are expected to resume their upward trend

Odaily News Despite a brief market correction due to the hawkish stance of the Federal Reserve meeting minutes, analysts expect Bitcoin and cryptocurrency markets to resume their recent upward trend. Analysts point out that although the Federal Reserve may maintain high interest rates, Bitcoin's upward momentum remains strong, mainly benefiting from the continued interest of institutional investors, progress in stablecoin regulation, and concerns about the declining attractiveness of US dollar assets. In addition, recent data shows that inflows into US cryptocurrency ETFs have hit a new high since January, indicating that institutional participation is deepening. Analysts believe that although there may be volatility in the short term, the fundamentals of the crypto market remain solid in the long run.
(The Block)