Recent Bitcoin price fluctuations have been associated with economic data from the U.S., particularly with comments from Federal Reserve Chair Jerome Powell. His hint at pausing interest rate cuts has stirred the market.
Initially, expectations were set for a substantial reduction in interest rates, potentially by 50 basis points. However, with inflation rates drawing close to the targeted 2%, these expectations have shifted.
The question remains whether the Federal Reserve's actions will influence cryptocurrency markets further, considering the critical role interest rates play in financial markets.
