Bitcoin, although projected as a potential store of value in the future, currently shows behavior that is more similar to equities. Monetary policy decisions, such as those announced by the FED, play a crucial role in determining its price in the short term.
âWe must consider that this year we have elections in the United States, and historically election years have been positive for equities. This could imply that, coupled with the Federal Reserve's decision to maintain interest rates and the good CPI data, we could be about to see a bull run in Bitcoin.
The announcement by the United States Federal Reserve to maintain the interest rate generated a significant impact on various financial assets, including bitcoin.$BTC
