As long as the Fed's base rate remains restrictive, that means there is room to wait patiently for inflation to fall...
U.S. Senator Cynthia Lummis tweeted that with the support of the American people, lawmakers could gain bipartisan support to pass the Bitcoin bill within 100 days of Trump's administration, which would change America's solvency and put the United States on a sound fiscal footing.
Kraken analysts said that as long as it remains above $66,500, there is still an upward trend on Bitcoin. Analysts also pointed out that if Bitcoin can continue to rise, the next key stage will be the all-time high of $73,679 set in March, and a successful breakout of this level could open the door to new price discoveries and further upward momentum. In response to the previous drop in the price of bitcoin from $66,500 to $65,700, cryptocurrency trader Herdy believes that this may be the market...
Analysts point out that "bad news is good news - as long as it's not too bad news".