Institutions: Bitcoin's Recent Rally May Continue Further
According to a report by Jinse Finance, Hina Joshi, Head of Digital Assets at TP ICAP, stated that Bitcoin’s recent rally may still have further room to rise. She pointed out that financial institutions generally expect the Federal Reserve to resume interest rate cuts later this year, which would benefit risk assets including Bitcoin. Data from LSEG shows that the market has currently priced in expectations for nearly two rate cuts within the year. The growth of crypto reserves, the increasing adoption of Bitcoin-based corporate strategies, and the gradual embrace by sovereign nations could all further drive Bitcoin’s upward momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars
American Barrick Gold has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Japanese stocks closed up 1.31%
“Big Short” Burry dumps Caterpillar (CAT.US) put options after their value quadrupled, cutting his short position by 75%
After Michael Burry's put options on Caterpillar nearly quadrupled, he reduced his short position in Caterpillar.
Crypto prices
More
