Bitcoin's Price Action and Market Drivers

Last week saw Bitcoin register a 1.72% decline, a noteworthy underperformance given the US-China trade truce. This indicates that geopolitical easing did not translate into positive price momentum for the leading cryptocurrency. Instead, the market's attention has largely shifted to macroeconomic factors, particularly the evolving stance of the Federal Reserve. Chairman Powell's recent hints about a potential pause in interest rate hikes are now cited as the primary driver influencing market sentiment and Bitcoin's immediate price trajectory.