Analyst: White House crypto policy framework may push Bitcoin back to $120,000
21hours ago
According to Odaily Planet Daily, 21 Shares research strategist Matt Mena said that this week's market will usher in two factors: the market generally expects the Federal Reserve to keep interest rates unchanged, and potential key personal consumption expenditures (PCE) data may determine the direction of interest rate cuts later this year. A more moderate PCE policy and a substantial White House cryptocurrency policy framework are expected to bring Bitcoin back to the $120,000 level and "promote price discovery." If the Fed keeps interest rates unchanged today, traders will begin to focus on the September meeting, when a rate cut may occur, but only if inflation cools and labor data stabilizes. (The Block)
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