Bitcoin

Impact

when

<p>The post <a href="https://coinpedia.org/news/is-bitcoin-stuck-in-a-sideways-market-key-conditions-for-a-major-price-surge/" rel="noopener noreferrer nofollow">Is Bitcoin Stuck in A Sideways Market? Key Conditions for a Major Price Surge</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>At present, we see a sideways movement in <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>. When we closely analyse the daily chart of Bitcoin/USD, what we see is the price of BTC oscillates between $71,700 and $58,000. It was after the BTC price touched its peak in mid-March that the crypto entered the sideways movement. What is the reason for this stagnation? One of the prime reasons definitely is the tighter monetary policy of the United States.&nbsp;&nbsp;</p>
<p>For a crypto trader, it is important to understand this situation in a clear way. Or else, it will be difficult for them to rightly foresee the future price movements of BTC.&nbsp;</p>
<h2 class="wp-block-heading" id="h-impact-of-us-monetary-policy-on-bitcoin-nbsp">Impact of US Monetary Policy on Bitcoin&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" width="900" height="506" src="https://image.coinpedia.org/wp-content/uploads/2024/07/03170613/image-69.png" alt="" class="wp-image-322298" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/03170613/image-69.png 900w, https://image.coinpedia.org/wp-content/uploads/2024/07/03170613/image-69-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/03170613/image-69-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/03170613/image-69-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/07/03170613/image-69-150x84.png 150w" sizes="(max-width: 900px) 100vw, 900px">
</figure>
<p>First, we should understand the impact of the US Monetary Policy on BTC.&nbsp; The US has been tightening its monetary policy since March 2022. The natural outcome of the action is the consistent increase in interest rates.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="ko" dir="ltr">" <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> 상승의 조건, 스테이블 코인 유동성" <a href="https://twitter.com/hashtag/%EB%B9%84%ED%8A%B8%EC%BD%94%EC%9D%B8?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#비트코인</a> 은 올해 3월 최고점을 갱신한 이후 횡보 움직임을 보이고 있습니다. 비트코인이 추가 상승랠리를 보이지 못하는 이유는 근본적으로 '22년 3월 이후 미국의 긴축 통화 정책 때문입니다. <br><br>이에 대한 영향으로 스테이블코인 총유통량을 보면… <a href="https://t.co/otLDlHwlk6" rel="noopener noreferrer nofollow">pic.twitter.com/otLDlHwlk6</a></p>— MAC.D (@MAC_D46035) <a href="https://twitter.com/MAC_D46035/status/1808389651000091084?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>A social media user, identified as MAC.D, in a X post, says that as interest rates in the US went up, the circulation of stablecoins decreased. As everybody knows, a liquidity crisis is the primary consequence of a stablecoin scarcity. Last year, it was stablecoin liquidity that helped the price of Bitcoin to stay strong.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-future-prospects-for-bitcoin-nbsp">Future Prospects for Bitcoin&nbsp;</h2>
<p>At this stage, it is important to realise that it is difficult to see a strong Bitcoin upward rally until a positive movement is seen in the liquidity and circulation indexes of the stablecoin market. For this to happen, what is urgently needed is a more supportive US monetary policy.&nbsp;</p>
<p>The expert advises investors to take a long-term view of the Bitcoin market.&nbsp;</p>
<p>In short, if you want to predict when the next big move will happen in the Bitcoin market, you only need to closely watch every development happening in the US monetary policy and stablecoin circulation.</p>
<p>Read Also: <a href="https://coinpedia.org/news/santiment-reveals-top-three-altcoins-to-buy-in-the-midterm/" target="_blank" rel="noopener noreferrer nofollow">Santiment Reveals Top Three Altcoins to Buy in the Midterm</a></p>

Is Bitcoin Stuck in A Sideways Market? Key Conditions for a Major Price Surge

목차

CoinPedia News

2024년 7월 3일에 게재된 다른 기사

Polkadot’s $37M Outreach Reveals Crypto Spending Secrets!

MoonBag's Top Crypto Presale Sparks Frenzy with its Rewards Treasure, While Notcoin and Polygon F...

Web3 and Intellectual Property: A Conversation with Qorpo as AneeMate Takes the Stage

BREAKING: Donald Trump Touts Bitcoin As Strategic Reserve Asset For The US

MoonBag Soars Above Gala and Hedera: The Top Crypto Presale You Can’t Miss!

Andrew Tate’s DADDY Surges 40% Despite Bitcoin’s Dip To $60,000

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!