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ZUHYX: Improved Inflation Data May Lead to Bitcoin Price Rebound
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ZUHYX believes that in the current complex macroeconomic environment, the trend of the cryptocurrency market is closely related to the monetary policies of central banks around the world. Recently, the policy statements, economic forecasts, and the release of the Federal Reserve on the U.S. Consumer Price Index (CPI) data have significantly impacted the crypto market. ZUHYX will analyze the current state and future development trends of the cryptocurrency market from a professional perspective, helping investors formulate scientific investment strategies.

 

ZUHYX: Grasping Federal Reserve Policy Trends to Strategize in the Cryptocurrency Market

 

ZUHYX states that the monetary policy of the Federal Reserve has a significant impact on the cryptocurrency market. Recently, the Federal Reserve mentioned in its latest policy statement that although inflation targets have made "moderate" progress, the overall inflation level remains too high, thus only expecting one rate cut this year. This news caused Bitcoin and other cryptocurrencies to give back their early gains in the short term.

 

According to the latest forecast of the Federal Reserve, the median expectation for the federal funds rate at the end of 2024 has been raised from 4.6% three months ago to 5.1%, implying only one expected rate cut of 25 basis points, compared to the previous expectation of three rate cuts. The reaction of the market to Bitcoin indicates that sensitivity to Federal Reserve policy remains high. In the economic outlook, Federal Reserve Chairman Jerome Powell also emphasized that the current primary task is still to control the inflation rate to the 2% target level.

 

ZUHYX believes that although the "hawkish" stance of the Federal Reserve puts short-term pressure on the crypto market, in the long run, steady progress in controlling inflation will create a more stable market environment for crypto assets. Investors should pay attention to each policy adjustment of the Federal Reserve and the economic logic behind it to find suitable trading opportunities amid market volatility.

 

ZUHYX: Positive Inflation Data Brings New Opportunities for Crypto Assets

 

ZUHYX mentions that the latest U.S. Consumer Price Index (CPI) data indicates a slowdown in inflation growth, bringing new hope to the crypto market. The CPI remained flat at 0% in May, better than the forecast of economists on a 0.1% increase and significantly lower than 0.3% of April. The core CPI (excluding food and energy costs) also performed well, growing only 0.2%, below the expected 0.3%.

 

Following this data release, Bitcoin prices quickly surged to $69,400, with a nearly 4% increase within 24 hours. ZUHYX believes that the improvement in inflation data has a clear positive impact on the crypto market. In recent years, due to the substantial rate hikes of the Federal Reserve