Cryptocurrency investors eagerly await decisions from the Federal Reserve regarding interest rates, which may significantly impact the market. Recently, Coinbase shares witnessed a rare rise in U.S. stock exchanges.
CEO Coinbase's Ambitious Predictions
The CEO of Coinbase predicts that the price of Bitcoin may surge approximately 25 times, reaching a potential mark of $2.5 million. The passing of the GENIUS legislation by the Senate marks a significant event for stablecoins and indicates bipartisan support, potentially easing cryptocurrency regulations.
Market Volatility in Cryptocurrencies
As the Federal Reserve's decision on interest rates approaches, increased volatility in the cryptocurrency market is expected. Current geopolitical tensions, particularly regarding Iran, exert pressure on markets that might otherwise demonstrate better performance. Some analysts express concerns about current market fluctuations.
General Sentiments and Analytics
According to analysts, there is a divergence in future market assessments. Some expect possible positive changes if negotiations on Iran resume, which could facilitate price increases in Bitcoin and altcoins. However, part of the experts predicts a bear market amid ongoing instabilities.
In summary, the current state of the cryptocurrency market remains ambiguous, with many participants awaiting clarity following the Federal Reserve's decisions and the implementation of new legislation.
