[Analysis] "Bitcoin (BTC) Remains Resilient Amid Macroeconomic Pressures... Optimism Grows for Trump's Second Term"
Summary
- Bitcoin (BTC) is reported to maintain resilience despite macroeconomic pressures.
- Bitcoin has risen 42% since the U.S. presidential election, outperforming the stock market, and Trump's pro-cryptocurrency policies are said to support a bullish outlook.
- In the short term, Bitcoin may experience increased volatility due to changes in U.S. Federal Reserve policies.
Bitcoin (BTC) is maintaining its resilience despite increasing macroeconomic pressures, such as the retreat of interest rate cut expectations, according to an analysis.
On the 13th, global cryptocurrency exchange Bitfinex released a weekly research report stating, "Bitcoin has maintained a 42% increase since the U.S. presidential election, outperforming the stock market," and "Expectations for Trump's pro-cryptocurrency policies are limiting the downside and supporting Bitcoin's long-term bullish outlook." During the same period, many stock items have given back all the gains they had made on Trump expectations.
Meanwhile, there is also a forecast that Bitcoin may experience increased volatility in the short term. The report added, "The U.S. Federal Reserve is signaling that it may slow down the pace of interest rate cuts and the financial environment is entering a tightening phase," and "Bitcoin may face greater volatility in the short term."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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