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06/23 06:23

Bitcoin Could Rally if Fed Keeps Rates Steady, Gra

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #TradFi Trading Strategies Sharing Challenge Bitcoin Could Rally if Fed Keeps Rates Steady, Grayscale Say Fed Policy Expectations Drive Divergence Across Markets Grayscale Investments is tying bitcoin’s lag behind equities to a repricing of Federal Reserve policy, arguing that bitcoin could narrow the performance gap with stocks if the Fed holds off on rate hikes. In a June 22 research note, the crypto asset manager said changing rate expectations have contributed to the divergence between equities, bitcoin, and gold. U.S. equities have gained 9% since the start of the Iran war in late February, supported in part by sustained spending tied to artificial intelligence infrastructure and development, Grayscale detailed. Over the same period, bitcoin has fallen 1%, while gold has dropped 20%, creating one of the widest performance gaps among major macro assets. Grayscale Investments Head of Research Zach Pandl said: “Our base case is for the Fed to hold off on rate hikes. If we’re right, bitcoin’s price may catch up with stocks.” Investor expectations for monetary policy have shifted toward tighter conditions. One-year Fed rate expectations have risen by about 60 basis points since late February, and roughly half of Federal Reserve officials now indicate that rate increases could be warranted in 2026. The Federal Open Market Committee voted 12-0 on June 17 to keep the federal funds rate at 3.5% to 3.75% in Kevin Warsh’s first policy meeting as Fed chair. The Fed said inflation remained above its 2% goal, with energy prices contributing to inflation pressure. The next Federal Reserve interest rate meeting is scheduled for July 28–29, 2026. Central banks outside the United States have already begun tightening. The European Central Bank (ECB) has already raised interest rates, reinforcing the broader shift toward tighter monetary policy as officials respond to persistent in

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