Bitcoin Traders Brace for Fed Credibility Shock Amid Macroeconomic Uncertainty
Bitcoin Traders Brace for Fed Credibility Shock Amid Macroeconomic Uncertainty
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Bitcoin's market behavior is currently mirroring traditional assets, reacting to rising macro uncertainty, interest rates, the dollar's strength, and overall risk appetite. The focus has shifted to an impending 'credibility shock' from the Federal Reserve, a critical event expected to impact Bitcoin this month.
Bitcoin opened the year trading like it usually does when macro uncertainty rises: it moved with the tide of rates, the dollar, and risk appetite, even as investors tried to pin a more specific narrative on top. However, this week the narrative shifted from “what will the central bank do?” to “can the central bank […]