Odaily News After the Fed announced a slowdown in its balance sheet reduction, Bitcoin rebounded from below $83,000 and briefly broke through $88,000. Some analysts believe that market volatility may soon subside and many negative factors may have been digested by the market. Sina G., co-founder of 21st Capital, said that market uncertainty surrounding tariffs and government spending may be resolved in the coming weeks, and the market focus may shift to tax cuts, deregulation and interest rate cuts, policies that may attract more capital to flow into Bitcoin and digital assets.
Aurelie Barthere, chief research analyst at Nansen, also said that tariff-related uncertainty may be easing, and the US government, especially Treasury Secretary Bessant, has taken a more pragmatic approach in tariff negotiations. (Yahoo)