The Bitcoin market faces turbulence ahead of the Federal Reserve's meeting, with expectations of unchanged interest rates but looming stagflation risks in the US economy. Despite initial forecasts for multiple rate cuts this year, probabilities now lean towards maintaining current rates, signaling investor uncertainty. Concurrently, the US grapples with slowing economic growth and persistent inflation, prompting Fed Chair Jerome Powell to advocate for sustained high-interest rates. Bitcoin's recent trajectory reflects these economic uncertainties, experiencing fluctuations amidst renewed stagflation worries and brief rallies linked to external factors like the launch of cryptocurrency ETFs. As market participants await the Fed's decision, caution prevails, impacting Bitcoin's short-term momentum. ๐๐ฆ๐ค
