Opinion: White House crypto policy framework may push BTC back to $120,000
Online reported that 21 Shares research strategist Matt Mena said that the market will face dual factors this week: the market is widely expected to keep interest rates unchanged, and potential key personal consumption expenditure (PCE) data may determine the direction of interest rate cuts later this year. A more moderate PCE policy and a substantive White House cryptocurrency policy framework are expected to bring Bitcoin back to the $120,000 level and "drive price discovery." If the Fed leaves interest rates unchanged today, traders will start focusing on the September meeting, when a rate cut could occur, but only if inflation cools and labor data stabilizes.
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