Crypto Markets Brace for Impact of Potential Federal Bombshell on Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon, and Solana Prices
In summary, the bitcoin price has seen a significant surge since the beginning of the year, boosting the prices of Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon and Solana. This surge has been attributed to investors predicting the U.S. Federal Reserve could be about to trigger a fresh bitcoin and crypto bull run. Robert Kiyosaki, the author of financial advise book Rich Dad Poor Dad has predicted a “giant crash” is coming for financial markets, with a “depression possible” that forces the Fed to “print billions” which could push the bitcoin price to an eye-popping $500,000 per bitcoin. As analysts pour over the latest economic data for signs of persisent inflation and possible recession, traders have become increasingly confident the Fed has already won its war on inflation and will pivot to a dovish stance if the economy falls into recession, kicking of a bitcoin price rally that’s spread to ethereum and other major cryptocurrencies.