How Looser Financial Conditions Could Boost Bitcoin's Rally

A recent Chicago Fed report shows U.S. financial conditions are the easiest since November 2021, with the National Financial Conditions Index (NFCI) at -0.56. Looser conditions mean easier access to capital, often boosting speculative assets like Bitcoin. Analyst Fejau notes that Bitcoin tends to rally when financial conditions ease, a trend seen in past cycles like 2013 and 2017.

Recently, as financial conditions have loosened, Bitcoin surged from $25,000 to over $73,000 by March 2024. While a strong U.S. dollar (DXY) could limit gains, the overall outlook for Bitcoin remains positive.

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