Posted 4/4/2024, 6:17:09 PM
Bitcoin Price Swings Wildly as Traders Eye Fed Rate Cuts, Upcoming Supply Shock
- Bitcoin price has swung wildly this week as traders worry about potential Fed interest rate cuts
- Fed Chair Jerome Powell has signaled rate cuts are likely coming this year
- Rate cuts could boost bitcoin price by increasing risk appetite and crypto market liquidity
- Bitcoin's next "halving" supply cut approaches on April 22, which has historically lifted prices
- Halving will raise bitcoin mining costs and could curb selling pressure during price drops
