Bloomberg, the important institution of the US mainstream financial media, reported the upward movement of Bitcoin since the beginning of the year. Stating that the biggest crypto money showed an increase of 40% in the first month of the year for the first time since 2013, the institution stated that this was exceeded only twice before 2013.
Fed interventions coming to an end?
In the news, it was noted that investors’ thought that the Fed’s monetary tightening policy has come to an end, as well as the thought that the impact of the crises seen in the crypto money world in recent months has decreased, brought these rises.
It was written in the news that the prices of coins such as Solana, Axie Infinity and MANA doubled in the market valuation of 280 billion dollars this month, and the risk appetite started to increase.
Bank of America analysts are skeptical
Bloomberg’s report also included the views of analysts who were skeptical of these rises. Bank of America analysts led by Michael Hartnett predicted in their latest report that these rises may end. Analysts stated that if the oil, salary and CPI indices increase, the “soft landing” option may turn into a “no landing” situation, so that these increases can be reversed in the coming weeks.
The Fed’s rate decision to be announced on Wednesday will be one of the most important indicators in terms of progress.
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