{"id":14311,"date":"2024-06-13T13:05:42","date_gmt":"2024-06-13T10:05:42","guid":{"rendered":"https:\/\/forklog.com\/en\/10x-research-predicts-bitcoin-rally-amid-feds-policy-shift\/"},"modified":"2024-06-13T13:05:42","modified_gmt":"2024-06-13T10:05:42","slug":"10x-research-predicts-bitcoin-rally-amid-feds-policy-shift","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/10x-research-predicts-bitcoin-rally-amid-feds-policy-shift\/","title":{"rendered":"10x Research Predicts Bitcoin Rally Amid Fed&#8217;s Policy Shift"},"content":{"rendered":"<p>Bitcoin is poised to resume its upward trajectory as inflation eases, according to 10x Research, reports <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/06\/13\/stick-with-bitcoin-avoid-ether-10x-research-says-after-fed-predicts-just-one-rate-cut-for-2024\/\">CoinDesk<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOur recommendation remains unchanged: stick with the winners (Bitcoin) and avoid the others (Ethereum and others). Our previous analysis showed that a decline in the consumer price index typically leads to an increase in the price of the first cryptocurrency. We expect this trend to continue,\u201d<\/em> the report states.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1062.webp\" alt=\"1-1062\" class=\"wp-image-234770\"\/><figcaption class=\"wp-element-caption\">Data: 10x Research.<\/figcaption><\/figure>\n<p>According to analysts, a slowdown in inflation historically attracts a significant influx of funds into BTC-ETF. <\/p>\n<p>They observed that inflows dried up following the December consumer price dynamics data, which weakened the case for a rate cut by the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n<p>The positive trend resumed in February ahead of the next inflation report for the previous month.<\/p>\n<p>Since March 12, when updated figures were released, it was interrupted again due to the Fed&#8217;s shift towards a more conservative policy scenario, specialists added.<\/p>\n<p>In June, it was reported that by the end of May, annual inflation in the US had slowed from 3.4% to 3.3%, marking the lowest level since April 2021. The macroeconomic data spurred a rise in Bitcoin, which increased by 2% in the first 15 minutes.<\/p>\n<p>Later that day, a Fed meeting took place, the outcomes of which dampened risk appetite. The digital gold&#8217;s prices lost the gains accumulated after the <span data-descr=\"consumer price index\" class=\"old_tooltip\">CPI<\/span> achievements. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is poised to resume its upward trajectory as inflation eases, according to 10x Research, reports CoinDesk. \u201cOur recommendation remains unchanged: stick with the winners (Bitcoin) and avoid the others (Ethereum and others). Our previous analysis showed that a decline in the consumer price index typically leads to an increase in the price of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1584,1146,1249,1224],"class_list":["post-14311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-10x","tag-cryptocurrency-market-forecasts","tag-federal-reserve-system","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14311"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14310"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}