Despite the U.S. Federal Reserve's recent inflation figures indicating a slowdown, the cryptocurrency market hasn't reacted positively. The Fed's expansionary policies, which include interest rate cuts and increased liquidity, typically boost demand for high-growth assets like Bitcoin. However, the success of these strategies has strengthened the U.S. dollar, causing cryptocurrencies to underperform. While lower inflation hasn't yet impacted the crypto market positively, experts suggest a potential rally for Bitcoin and other cryptocurrencies shouldn't be ruled out later in 2024.
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