Rally Expectation from JP Morgan! Will a New Rally Be Seen in Bitcoin?

of the FED While the sharp interest rate hikes in 2022 put all markets in a major downtrend, bitcoin and altcoins he suffered from it.

While crypto money markets, which are not resistant to moves in monetary policy due to their newness, lost 80% of their value, the latest inflation data gave hopes.

As you know, in the past weeks, the US inflation data was announced as 8.5% annually, below the expectations, and the discourses that the inflation had reached its peak increased.

While the question of whether inflation has reached its peak is still seeking an answer, eyes were turned to the latest inflation data to be announced before the FED meeting in September.

While investors are worried that the FED’s hawkish stance will continue, JP Morgan strategists shared their expectations for the markets.

While JP Morgan strategists expect another big rate hike from the FED, they think the “big rate hike” in September will be the last of these. According to strategists, US stock markets will continue to rally in the second half of the year.

“We expect the Fed to raise interest rates again in September, but we don’t think the Fed will surprise the markets with a new hawkish stance afterwards.

We expect the relationship between growth and monetary policy to improve and help all markets recover.”

JP MorganIf ‘s expectation comes true and the US stock markets enter rally mode again, this will be a bullish harbinger for Bitcoin and altcoins. Because the correlation between Bitcoin and the US stock markets reached its peak in 2022.

*Not Investment Advice.