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Two scenarios for Bitcoin after this year’s halving event
Bitcoin (BTC) is trading sideways around $43,000 on Friday, showing a slight recovery from its lowest level at $42,276. This follows Federal Reserve Chairman Jerome Powell’s statement that inflation “remains elevated” and a rate cut in March is unlikely. Market investors appear concerned because the Federal Reserve has not currently disclosed any plans to ease its monetary policy. In this scenario, Bitcoin and other risky assets may experience increased capital outflows in the medium and short term. “In my view, Powell’s comments, coupled with the upcoming halving event and the approaching BTC on-chain ... (full story)