BTC rally depends on US easing of monetary policy

IconCryptoNewsTerminal Staff03 Jul, 2024

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BTC rally depends on US easing of monetary policy

CryptoQuant contributor MAC_D analyzed that "The reason why BTC failed to rally further is because of the US's continued hawkish monetary policy since March 2022. For BTC to rally significantly, a dovish Fed policy stance, expansion of stablecoin liquidity, and an increase in circulation are necessary. If these conditions are not met, BTC is likely to move sideways or enter a further correction."