Vetle Lunde, a senior analyst at Arcane Research, wrote in a report that the cryptocurrency market may be too optimistic about the Fed’s policy shift quickly, and many headwinds, such as slowing upward momentum, strong technical resistance and the Fed’s hawkish attitude, may It will make the market’s performance in February unsatisfactory.
An analysis of recent Bitcoin volatility suggests that the massive Bitcoin rally sparked by the previous Federal Reserve meeting is fading. But the agency also doesn’t deny the relatively optimistic possibility.
In addition, Jean-Marie Mignetti, CEO of Coinshares International, said that the Federal Reserve’s reduction in interest rate hikes in December last year was the macro driver of the surge in cryptocurrency earnings in January, and the market has slowly digested the impact of the collapse of the FTX exchange. Panic.