Opinion: If the Federal Reserve's FOMC decision leans dovish, it may trigger a rebound and recovery of Bitcoin
Odaily Planet Daily reports that Bitget Research's chief analyst, Ryan Lee, stated that although Bitcoin has a historical correlation with gold as a macro hedge tool, the current trend of Bitcoin (gold rising and Bitcoin falling) indicates that it is more like a risk asset. It is affected by uncertainties in Federal Reserve policy, profit-taking and turning to traditional safe-haven assets. If the FOMC decision leans dovish, it may trigger a rebound recovery; if hawkish, it could deepen adjustments. The short-term trend of Bitcoin is closely related to broader economic signals rather than just reinforcing its role as digital gold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BHP Chairman: The Iran crisis currently has limited impact on business
The scale of RWA on the Ethereum chain surpasses $15 billions, with tokenized gold contributing over $4 billions.
Aptos community vote passes proposal to cap APT token supply at 2.1 billions
Avantis: Second round of airdrop will open for claiming on March 6 at 7:30
Trending news
MoreCrypto prices
More
