Bitcoin Skyrockets 30% Weekly on the Fed’s $300B Bank Bailout: This Week’s Crypto Recap
This has essentially hinted to market speculators that the Fed might even pivot in their monetary policy, propelling prices of risk-on assets such as BTC (and almost all other cryptocurrencies) to the stratosphere.
There are many variables, and we have yet to see how the whole situation will play out, but for now, crypto markets are reacting incredibly positively to the news. Could it be that BTC is finally fulfilling its purpose of serving as an inflation hedge? Or is this another speculation-drive rally?
In any case, the following weeks will be particularly important and exciting, especially as the Fed is set to meet on March 22.
