BTC Correction Driven by Fed Rate Hike Expectations Recent market corrections, including the recent dip in Bitcoin (BTC), have been attributed to expectations of a Federal Reserve rate hike, according to Ryan Li, Senior Analyst at Cointelegraph Research. Amidst positive US economic data, the possibility of a rate hike has dampened the appeal of crypto investments. This, in turn, has amplified the market corrections triggered by hawkish monetary policy signals. Economic Data and Crypto Market Interplay The interplay between the crypto market and macroeconomic indicators is expected to continue influencing overall market performance and investor decisions. As the Federal Reserve deliberates on rate hikes to curb inflation, the impact on the crypto market remains a key factor to monitor.

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