Matt Mena, cryptocurrency research strategist at 21Shares, said that U.S. stocks have been volatile in the macro uncertainty, while BTC has shown resilience and is defending the 8.4-8 5,000 dollar support area. Nic Puckrin, founder of The Coin Bureau, pointed out that the PCE data released this Friday may cause the Federal Reserve to delay the near-term interest rate cut plan, and Bitcoin is not expected to return to historical highs until the Federal Reserve cuts interest rates again.
However, long-term positive catalysts are forming in the crypto market, including the impending confirmation of crypto-friendly Paul Atkins as chairperson of the Securities Exchange Commission, which could unlock Ethereum ETF pledges and approve other digital asset ETFs, as well as proposed US strategic bitcoin reserve legislation expected in May. If formally implemented, bitcoin would be tied with gold as a sovereign-class asset.
21Shares: Bitcoin Still Defending 8.4-8 5,000 Dollar Support Area, Long-Term Positive Catalyst Forming
2025-03-29 09:50:05
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
21Shares：比特币仍在捍卫8.4-8.5万美元支撑区域，长期利好催化剂正在形成Next article：
Castle Island Ventures合伙人：L2过于贪婪，导致以太坊表现低迷
