📉 Despite the slowdown in inflation in the US, the crypto market does not demonstrate rapid growth
It was expected that the decline in inflation to 3.3% (vs. 3.4% projected) and slowing price growth (3.4% vs. 3.5%) would prompt a key rate cut by the US Federal Reserve.
🔼 So far, this has not happened and the rate has remained in the 5.25-5.5% range. The Fed chief did not even rule out raising it, but this is not assumed in the baseline scenario.
According to K33 analysts, a loosening of monetary policy could take BTC to new price records.
At the same time, CryptoQuant fixes the decrease in demand for BTC from retail investors by 17% for the month.
Such a situation was already observed in January (with an 18% drop in demand), after which the value of BTC rose from $40,000 to $70,000. It's likely that history could repeat itself.
