Odaily Planet Daily reported that although the minutes of the Federal Reserve meeting showed a hawkish stance leading to a brief market correction, analysts expect the Bitcoin and cryptocurrency markets to resume their recent upward trend. Analysts point out that although the Federal Reserve may maintain high interest rates, the upward momentum of Bitcoin remains strong, mainly due to sustained interest from institutional investors, progress in stablecoin regulation, and concerns about the declining attractiveness of US dollar assets. In addition, recent data shows that the inflow of funds into US cryptocurrency ETFs has reached 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 cryptocurrency market remain stable in the long run.
（The Block）
