Bitcoin’s recovery hits a Fed ceiling with no sign of cheaper money
Summary
Bitcoin’s recent rally toward $75,000, driven by global risk appetite and geopolitical stabilization, faces a significant obstacle: a restrictive Federal Reserve. Markets remain skeptical of aggressive rate cuts, as the Fed prioritizes data-dependent policy amid persistent inflation and economic uncertainty. The situation is compounded by political volatility regarding the potential appointment of Kevin Warsh as the next Fed chair, which has created a leadership vacuum and institutional friction. Ultimately, Bitcoin's ability to maintain its upward momentum depends less on geopolitical headlines and more on whether the Federal Reserve shifts toward easier financial conditions and increased liquidity.
(Source:CryptoSlate)