The cryptocurrency market was once again in the spotlight last week, with major economic events and geopolitical tensions having a significant impact on prices and investor sentiment.
1. The Federal Reserve System of the United States (FRS)
One of the key drivers of cryptocurrency growth this week was the US Federal Reserve's interest rate cut. This was the first cut since the COVID-19 pandemic began, and it provided significant support to the cryptocurrency market, including Bitcoin. Bitcoin was able to consolidate above the $60,000 mark, which supported optimistic sentiment among investors.
2. Geopolitical situation in the Middle East
The escalation of conflict in the Middle East has increased demand for cryptocurrencies, which are seen as an alternative asset in times of instability. Military action and geopolitical tensions have increased volatility in traditional markets, prompting investors to seek safe haven in cryptocurrencies.
3. China and its influence
China, despite the bans, continues to play a major role in the cryptocurrency market. News of new possible regulations put short-term pressure on the market, but the long-term impact remains uncertain.
Summary
The current situation shows the strong influence of macroeconomic and geopolitical factors on the cryptocurrency market. Bitcoin continues to be an important tool for hedging risks, and many investors expect further growth ahead of the end of the year.
