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Opinion: White House Crypto Policy Framework May Drive BTC Back to $120,000
Summary: According to The Block, 21 Shares research strategist Matt Mena stated that this week the market will face two key factors: the market widely expects the Fed to keep interest rates unchanged, while potential crucial Personal Consumption Expenditures (PCE) data could determine the direction of rate cuts later this year. A more moderate PCE policy ...
According to The Block, 21 Shares research strategist Matt Mena stated that this week the market will face two key factors: the market widely expects the Fed to keep interest rates unchanged, while potential crucial Personal Consumption Expenditures (PCE) data could determine the direction of rate cuts later this year. A more moderate PCE policy and a substantive White House crypto policy framework are expected to potentially bring Bitcoin back to the $120,000 level and 'drive price discovery'. If the Fed keeps interest rates unchanged today, traders will shift focus to the September meeting, where rate cuts may occur, provided that inflation cools and labor data remains stable.
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Link: Opinion: White House Crypto Policy Framework May Drive BTC Back to $120,000 [Copy]
