Grayscale: Bitcoin May Have Bottomed If Fed Holds Rates
Grayscalehead of research Zach Pandl arguesBitcoin‘s bottom may be in if the Fed avoids further rate hikesThe firm rejects the four-year cycle model, favoring a macro-driven view of Bitcoin as a. . .
Grayscalehead of research Zach Pandl arguesBitcoin‘s bottom may be in if the Fed avoids further rate hikesThe firm rejects the four-year cycle model, favoring a macro-driven view of Bitcoin as a rate-sensitive assetThe Fed’s July 29 meeting and the Clarity Act’s August 7 Senate deadline are key catalysts aheadBitcoin trades at $65,000, down 49% from its October 2025 peak of $126,000Grayscalehead of research Zach Pandl published a Wednesday note arguing Bitcoin may have already hit its cycle low, provided the Federal Reserve holds off on further rate hikes. The firm rejects the traditional four-year cycle framework, which would predict a bottom in September or October with average drawdowns of 80%. - Advertisement -Instead,Grayscaleviews Bitcoin as a macroeconomic asset that trades more likeGoldor rate-sensitive tech stocks. Past bear markets have coincided with slowing economic growth and rising real interest rates, the report notes. Bitcoin currently trades around $65,000, roughly 49% below its October 2025 peak of $126,000. The nomination of Kevin Warsh as Fed chair triggered a sharp reversal that briefly pushed Bitcoin below $58,000 in early July. Spot ETFs have logged nearly $1 billion in net inflows over seven consecutive sessions, according to market data fromMyriad. However, Bitcoin remains on a weakening monthly bearish trend that could extend further. “If the Fed forgoes rate hikes and economic growth holds up well,Bitcoin’s pricemay already have bottomed,”Pandl wrote. The Fed meets July 29, and the Clarity Act faces an August 7 Senate deadline. - Advertisement -Grayscaleframes both events as the main price catalysts for Bitcoin in the coming weeks. The four-year cycle theory, meanwhile, would still predict lower lows near $50,000. ✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. Previous Articles:Mystery Bitcoin Donations Flood Satoshi’s WalletEther undervalued vs Bitcoin, bottom not yet in: CryptoQuantClaude Cowork bug lets AI break sandbox, access Mac filesMeta stock falls as Zuckerberg warns, analyst sees $485 crashUN Report: Southeast Asian Crime Syndicates Now a $114B Crypto EconomyStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.