Viewpoint: The Fed’s hawkish stance triggered a short-term pullback, but BTC’s upward trend may continue

Odaily Planet Daily News: Although the Fed's meeting minutes showed a hawkish stance that led to a brief market correction, analysts expect Bitcoin and cryptocurrency markets to resume their recent upward trend. Analysts pointed out that although the Fed may maintain high interest rates, Bitcoin's upward momentum remains strong, mainly benefiting from the continued interest of institutional investors, progress in stablecoin regulation, and concerns about the declining attractiveness of US dollar assets. In addition, recent data showed that inflows into US cryptocurrency ETFs hit a new high since January, indicating that institutional participation is deepening. Analysts believe that although there may be fluctuations in the short term, the fundamentals of the crypto market remain solid in the long run. (The Block)