Viewpoint: The hawkish stance of the Federal Reserve makes BTC traders cautious

Odaily Planet Daily News The unexpected hawkishness of the Fed last week thwarted the post-election rally of BTC, resulting in the first weekly decline since Trump's victory in early November. The Fed indicated it would cut interest rates twice next year, down from the previous expectation of four times. This shift led investors to re-evaluate their positions in speculative assets such as BTC, causing their prices to fall. Cryptocurrency investor Scott Melker said, 'This also indicates that traders are mainly following profit-taking rather than aggressive dumping.' (FX678)