Tag Archives: Analyzes

Top Stories Tamfitronics James Butterfill, the Head of Research at CoinShares recently joined analyst Scott Melkar to discuss the state of the cryptocurrency market. Butterfill explained that the accuracy of economic forecasts and how they align with actual data is crucial. Currently, most macroeconomic data is falling short of expectations, indicating that analysts have been overly optimistic. This suggests that the US macroeconomy is not as healthy as believed.The Federal Reserve (FED) is part of this trend. While the FED is discussing one rate hike this year, the market anticipates two. Butterfill believes the market’s prediction is more accurate. If the FED’s Dot Plot shifts over the summer and aligns more closely with market expectations by September, this could significantly support Bitcoin.Currently, much of Bitcoin’s initial price weakness and recent downturn can be attributed to...