Analyst: Federal Reserve cuts interest rates may inject more funds into the market, driving Bitcoin to rise faster

Odaily Planet Daily News: Bitcoin halving in 2024 will reduce block rewards from 6.25 BTC to 3.125 BTC. Despite growing concerns about a global trade war, data shows that BTC has risen by over 33% since April 2024. Despite Bitcoin's resilience, I believe that past experiences, current economic uncertainty, and market selling pressure are still keeping investors on the sidelines, waiting for clearer entry signals. Investments from institutions such as Strategy and Tether may accelerate Bitcoin's traditional four-year halving cycle. The trend of Bitcoin is still closely related to broader monetary policy. The Federal Reserve's interest rate cuts in May or June may inject more funds into the system, driving Bitcoin to rise faster, "said Enmanuel Cardozo, a market analyst at asset tokenization platform Brickken