Bitcoin 
$73,537 continues to trade below $98,000, with altcoins remaining indifferent to BTC’s fluctuations. Positive days may lie ahead for cryptocurrency enthusiasts as adverse scenarios have been priced in, suggesting that forthcoming resolutions could yield opposite effects.
Impact of the Ukraine-Russia War
The war that began in 2022 has significantly shaken the cryptocurrency landscape. The Fed has repeatedly discussed inflation driven by geopolitical tensions. Just as war led to declines in cryptocurrency values, peace could reverse this trend. Will cryptocurrencies rise?
While preparing this article, Ukrainian President Zelensky stated readiness to sign a security agreement with Trump. After a meeting with the U.S. special representative for Ukraine, Zelensky’s statements have been inconsistent. Just yesterday, he claimed Ukraine was not for sale, only for Russia to strike Kyiv hours later. Now, he appears closer to consensus.
Conflict Within the Fed
As the war between Russia and Ukraine nears its end, a new conflict seems to be brewing within the Fed. Fed member Musalem expressed his views on inflation returning to 2%, emphasizing the need for reassurances before any policy changes. The current economic landscape presents numerous risks, especially in sectors reliant on immigrant labor.
In summary, Musalem advocates for delaying interest rate cuts. Contrarily, Bostic suggested that tightening measures should be reversed. Some Fed members no longer wish for this economic nightmare to last another two years and believe monetary tightening should come to an end.
