Bitcoin May Have Bottomed If Fed Pauses Rate Hikes, Says Grayscale on July 23

BTC-0.54%
According to Grayscale research chief Zach Pandl on July 23, if the Federal Reserve pauses rate hikes and economic growth remains stable, Bitcoin may have already bottomed. Pandl noted two prevailing market views on when the crypto bear market will end: one follows the "four-year cycle" tied to halving events, while the other treats Bitcoin as a macro-driven mature asset. Pandl favors the macro-driven view, arguing that Bitcoin price is increasingly influenced by economic growth, real interest rates, and Federal Reserve policy changes rather than halving cycles alone.
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