Fed Pivot Sparks Questions Around Bitcoin's Reaction Ahead of Halving
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Fed officials signal rate hike pause, recalling early 2019 when similar backdrop saw bitcoin surge over 300%.
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Recent dovish comments from Fed officials suggest tightening cycle may have ended with July's 25 bps rate hike.
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Previous Fed tightening cycle ended Dec 2018, followed by 7-month pause. Bitcoin bottomed around then and rallied to $13,880 by June 2019.
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Current pause comes months before Bitcoin's halving, just like in 2019, potentially bullish.
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While Fed pivot to cuts could spark bitcoin weakness initially, depends on rationale (countering weakness vs inflation).
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