Bitcoin Bulls Rejoice: Fed Minutes Confirm QT Is Ending

Bitcoin bulls are rejoicing after the Federal Reserve released meeting minutes indicating a potential end to quantitative tightening (QT). This news has sparked optimism among Bitcoin experts who see it as a bullish signal for the cryptocurrency market. While no explicit shift to quantitative easing (QE) was announced, the acknowledgment of a possible halt to balance sheet reduction has led to speculation in digital asset circles.

Market commentators like Felix Jauvin emphasize the significance of the Fed’s signaling, suggesting that a halt to QT could be on the horizon. However, Jauvin believes that a pivot to QE is unlikely at this point. Instead, he predicts that the Fed may pursue a temporary Supplementary Leverage Ratio (SLR) exemption to allow commercial banks to absorb additional government debt.

Renowned crypto analyst Pentoshi also sees the potential end of QT by the start of Q3, which could have positive implications for Bitcoin and other digital assets. With BTC currently trading at $97,208, market watchers are eagerly awaiting to see if the termination of QT will spark renewed momentum for cryptocurrencies.

Overall, the potential end of QT and the implications for Bitcoin are being closely monitored by experts and investors alike as they navigate the evolving financial landscape.