According to QCP, Bitcoin is climbing up with the FED: Critical for the continuation of this rally! - Coin Bulletin

The Fed's decision to pull back on its "quantitative tightening" program caused Bitcoin to rise above 85 thousand dollars, while increasing expectations for interest rate cuts in the markets; however, risks are still ongoing.

The FOMC (Federal Open Market Committee) meeting that took place last evening provided the upward catalyst that the markets were expecting, and Bitcoin (BTC) experienced a significant surge, quickly rising above 85 thousand dollars.

The Fed's decision to pull back its "quantitative tightening" program, which will start in April, has created an expectation of an indirect interest rate cut in the markets, and this has strengthened the forecasts for an interest rate cut in June.

In an article shared on Telegram by QCP Capital, it is emphasized that the Fed's decision had an immediate impact on the cryptocurrency markets. However, the Fed's statements did not stop there. The Fed lowered its economic growth forecast to 1.7% and raised its inflation forecast to 2.8%, highlighting the risk of stagflation. Additionally, the "dot plot" containing the Fed's interest rate forecasts showed a more hawkish stance compared to the predictions from December, increasing the number of officials expecting a rate cut in 2025 to four.

In the options market, positioning has normalized and demand for call options has increased. This situation indicates a reversal, contrary to the preference for put options earlier in the week. Now, all eyes will be on the hours of this evening when the US markets open. Will the rise continue or will investors realize that the risks are still valid? This question remains uncertain in the minds of market players.