Bitcoin price could rally even as global trade war rages on — Here is why

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Coin Telegraph 1w ago

Bitcoin price could rally even as global trade war rages on — Here is why - Coin Telegraph

Quick Summary:

According to Morgan Stanley’s updated forecast, the US Federal Reserve is expected to maintain interest rates at 4.25%-4.50% until March 2026, adding that “only a recession would change the calculus” and “a recession could mean earlier and larger up-front cuts.”Bitcoin’s momentum is likely to turn positive as traders realize that the US Federal Reserve has limited tools to avoid a recession without risking inflation.

Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump, stated that tariffs were “not a negotiation.”As a result, the S&P 500 index closed on April 8 with a 1.6% loss, reversing earlier gains of 4%.

Related: Weaker yuan is 'bullish for BTC' as Chinese capital flocks to crypto — Bybit CEOMichael Gapen, Morgan Stanley’s chief US economist, stated in a client note on April 8: “We think the right answer is for the Fed to wait in its current stance for longer,” as reported by CNBC.