Loading...
CoinShares research report points out that the Federal Reserve's policy shift and the obstruction of the CLARITY Act are putting pressure on the cryptocurrency market. The Federal Reserve believes that inflation is too high and there is no room for interest rate cuts in the short term. The US dollar and short-term Treasury yields are supported, and coupled with the Iran conflict pushing up energy prices, the possibility of interest rate hikes within the year is increasing. If the inflation outlook does not improve or monetary policy expectations do not change, BTC will be difficult to effectively break through $80000 by the end of the year. The revised version of the CLARITY bill will be pushed forward as early as early next year due to differences in ethical provisions. The obstruction of the bill will have limited impact on BTC, and Ethereum and other altcoins will face greater regulatory uncertainty.