{"id":31973,"date":"2024-11-05T20:00:06","date_gmt":"2024-11-05T17:00:06","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31973"},"modified":"2024-11-05T18:38:25","modified_gmt":"2024-11-05T15:38:25","slug":"fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/","title":{"rendered":"Fed and China Could Trigger a &#8220;Perfect Storm&#8221; in Bitcoin Price"},"content":{"rendered":"<p>The US presidential election is approaching and the election result odds have narrowed on prediction platforms such as Polymarket. This uncertainty is increasing volatility in the <strong>Bitcoin<\/strong> and crypto markets, while China and the Fed&#8217;s financial policies are predicted to create a &#8220;perfect storm&#8221; in the Bitcoin price in the last quarter of the year.<\/p>\n<p>Bitcoin price is trading just below its all-time high of $70,000. Tesla CEO Elon Musk&#8217;s suggestions for Bitcoin as a possible &#8220;financial emergency&#8221; have triggered huge speculation in the markets. At the same time, BlackRock CEO&#8217;s warnings to the Fed have led investors to brace for volatility that could be triggered by the US central bank and China&#8217;s influence.<\/p>\n<p>According to Bitfinex analysts, &#8220;Election uncertainty, the &#8216;Trump trade&#8217; narrative and the positive fourth-quarter seasonal effect are creating a perfect storm for Bitcoin.&#8221; The fourth quarter has historically been an uptrend, with the median quarterly return in halving years being 31.34%. This positive seasonal effect, combined with record open interest volume in Bitcoin options and futures, is boosting optimism among market participants towards the end of the year.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#Trumps_Embrace_of_Bitcoin_Supports_Prices\" title=\"Trump\u2019s Embrace of Bitcoin Supports Prices\">Trump\u2019s Embrace of Bitcoin Supports Prices<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#Policy_Steps_by_the_Fed_and_China_May_Affect_the_Bitcoin_Price\" title=\"Policy Steps by the Fed and China May Affect the Bitcoin Price\">Policy Steps by the Fed and China May Affect the Bitcoin Price<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Embrace_of_Bitcoin_Supports_Prices\"><\/span>Trump\u2019s Embrace of Bitcoin Supports Prices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Donald Trump\u2019s promise to support Bitcoin and crypto in the 2024 elections is having a positive impact on Bitcoin prices. Trump predicts that if he is re-elected, he will create a \u201cBitcoin strategic reserve\u201d for the US, which will push Bitcoin\u2019s price past gold. Plans such as paying off a portion of the US\u2019s $35 trillion debt with Bitcoin and ensuring that all Bitcoin mining is done in the US indicate his goal of making the US the \u201ccrypto capital of the world.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Policy_Steps_by_the_Fed_and_China_May_Affect_the_Bitcoin_Price\"><\/span>Policy Steps by the Fed and China May Affect the Bitcoin Price<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Fed is expected to implement another interest rate cut this week. \u201cIn the long run, lowering interest rates will stimulate the credit market and provide more liquidity, and Bitcoin will benefit from this,\u201d said Agne Linge, WeFi\u2019s head of growth, noting that most analysts support a 0.25% cut. This liquidity will dilute the value of the US dollar, reducing its purchasing power.<\/p>\n<p>On the other hand, China is also expected to accelerate its stimulus program this week. Famous Bitcoin investors believe that such measures could trigger a new Bitcoin bull run.<\/p>\n<hr \/>\n<p><em>You can join our <strong><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US presidential election is approaching and the election result odds have narrowed on prediction platforms such as Polymarket. This uncertainty is increasing volatility in the Bitcoin and crypto markets, while China and the Fed&#8217;s financial policies are predicted to create a &#8220;perfect storm&#8221; in the Bitcoin price in the last quarter of the year.<\/p>\n","protected":false},"author":6,"featured_media":31607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[61,552,8224,7155],"class_list":["post-31973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bitcoin","tag-bitcoin-price","tag-trump-bitcoin","tag-us-election"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fed and China Could Trigger a &quot;Perfect Storm&quot; in Bitcoin Price - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed and China Could Trigger a &quot;Perfect Storm&quot; in Bitcoin Price - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The US presidential election is approaching and the election result odds have narrowed on prediction platforms such as Polymarket. This uncertainty is increasing volatility in the Bitcoin and crypto markets, while China and the Fed&#8217;s financial policies are predicted to create a &#8220;perfect storm&#8221; in the Bitcoin price in the last quarter of the year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-05T17:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-05T15:38:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/Adsiz-tasarim-21-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/\",\"name\":\"Fed and China Could Trigger a \\\"Perfect Storm\\\" in Bitcoin Price - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/Adsiz-tasarim-21.png\",\"datePublished\":\"2024-11-05T17:00:06+00:00\",\"dateModified\":\"2024-11-05T15:38:25+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/Adsiz-tasarim-21.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/Adsiz-tasarim-21.png\",\"width\":1920,\"height\":1080,\"caption\":\"bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fed-and-china-could-trigger-a-perfect-storm-in-bitcoin-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fed and China Could Trigger a &#8220;Perfect Storm&#8221; 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