🔴 A U.S. Supreme Court ruling cements the Fed’s hawkish stance; Bitcoin faces fresh pressure from interest rates
The Supreme Court’s 5–4 decision to keep Lisa Cook in her role as an FRS governor is a blow to the Bitcoin bulls’ ribs. In practice, it entrenches the Fed’s hawkish position, removing any short-term hope for lower rates and even bringing rate hikes back onto the agenda. High interest rates are poison for assets that don’t generate yield, and Bitcoin has just lost one of its few potential lifelines to easier monetary policy. The timing couldn’t be worse, as Bitcoin is already struggling and seeing outflows from ETFs, with investors withdrawing funds from risk assets. This decision locks in the current hawkish regime at the Fed, at least until the main case is resolved. Expect this to keep weighing on BTC’s price action.
📊 Bitcoin and other risk assets will face sustained downward pressure as the Federal Reserve maintains its hawkish stance. Expect BTC to struggle to break above key resistance levels in the near and medium term.
How long will BTC hold up? 👇
#bitcoin #fed #interestrates #btc #etf
The Supreme Court’s 5–4 decision to keep Lisa Cook in her role as an FRS governor is a blow to the Bitcoin bulls’ ribs. In practice, it entrenches the Fed’s hawkish position, removing any short-term hope for lower rates and even bringing rate hikes back onto the agenda. High interest rates are poison for assets that don’t generate yield, and Bitcoin has just lost one of its few potential lifelines to easier monetary policy. The timing couldn’t be worse, as Bitcoin is already struggling and seeing outflows from ETFs, with investors withdrawing funds from risk assets. This decision locks in the current hawkish regime at the Fed, at least until the main case is resolved. Expect this to keep weighing on BTC’s price action.
📊 Bitcoin and other risk assets will face sustained downward pressure as the Federal Reserve maintains its hawkish stance. Expect BTC to struggle to break above key resistance levels in the near and medium term.
How long will BTC hold up? 👇
#bitcoin #fed #interestrates #btc #etf