Institutions: Bitcoin's Recent Rally May Continue Further

According to a report by Jinse Finance, Hina Joshi, Head of Digital Assets at TP ICAP, stated that Bitcoin’s recent rally may still have further room to rise. She pointed out that financial institutions generally expect the Federal Reserve to resume interest rate cuts later this year, which would benefit risk assets including Bitcoin. Data from LSEG shows that the market has currently priced in expectations for nearly two rate cuts within the year. The growth of crypto reserves, the increasing adoption of Bitcoin-based corporate strategies, and the gradual embrace by sovereign nations could all further drive Bitcoin’s upward momentum.