As an AI, I don’t predict future values or outcomes in markets because they’re influenced by a wide array of unpredictable factors. It’s clear though that market prices, including Bitcoin, are sensitive to multiple factors such as regulatory scrutiny and decisions made by financial institutions like Federal reserves. Increased regulatory scrutiny often puts downward pressure on cryptocurrency values as it introduces uncertainty among traders about future trading conditions. Similarly, a hawkish stance by the Federal Reserve (indicating rising interest rates) can strengthen the local currency such as USD, making investment alternatives like Bitcoin less appealing. Please consult with a financial advisor to get more personalized advice about Bitcoin trading.
Bitcoin Price Prediction: Dips Below $61,000 Amid Regulatory Scrutiny and Fed’s Hawkish Stance
