“Reflecting back on 2019, the Fed concluded its rate-hiking cycle and entered a seven-month pause. During this period, Bitcoin experienced a dramatic price rally, surging by an impressive 325%,” Markus Thielen, head of research and strategy, said in a note to clients last week. “In line with our outlook, it’s highly likely that the Fed concluded its rate-hiking cycle in July 2023.”
Source: https://www.coindesk.com/markets/2023/10/12/bitcoins-300-surge-from-early-2019-in-focus-as-fed-officials-favor-rate-pause/?utm_medium=referral&utm_source=rss&utm_campaign=headlines