Bitcoin Faces Challenges as Fed’s Stance Clouds Santa Rally Prospects
Bitcoin’s recent price decline follows Federal Reserve Chairman Powell’s hints that 2025 will likely see fewer interest rate cuts. This shift has cast a shadow over the anticipated Santa rally for Bitcoin. Investors are now grappling with how the Fed’s tighter monetary policy may dampen cryptocurrency market enthusiasm. Understanding historical trends can offer valuable insights into what to expect in the near future as digital currencies react to broader economic indicators.