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CoinOtag 2024-07-07 13:23:59

Bitcoin’s Stagnation Linked to U.S. Monetary Policy and Stablecoin Liquidity

Bitcoin’s price has stalled since its March zenith, largely due to stringent U.S. monetary policies, per insights from CryptoQuant analysts. These analysts note that the Federal Reserve’s interest rate hikes, initiated in early 2022, have contracted the stablecoin supply. “The crux of Bitcoin’s stagnant rally lies in the tightened U.S. monetary policy since March 2022,”

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