The approval of the spot bitcoin ETF, along with the massive inflows into the new funds, served as major catalysts for the rise in anticipation. Additionally, macro factors such as the expectation of a series of interest rate cuts in 2024 from the U.S. Federal Reserve played a role. However, inflation has not cooperated, and there has been no easing of monetary policy in the U.S. so far. In fact, more than one member of the central bank now does not expect any rate cuts this year.
Source link
This article was complied with AI assistance and reviewed by an editor. More information can be found in our T &C
