CryptoSlate
Bitcoin's 2026 bull case was built on a single macro assumption: that the Federal Reserve's next meaningful move would be a rate cut. Wednesday's Fed minutes have quietly dismantled that foundation, signalling that a hike remains a live possibility — a scenario the market had largely priced out.
Fresh Iranian strikes over the weekend failed to trigger the safe-haven panic or risk-off flight that geopolitical shocks have historically produced in crypto markets, suggesting BTC's near-term volatility will be driven by monetary policy rather than geopolitics. That's a harder problem: a geopolitical shock fades; a Fed pivot reversal reprices the entire rate curve.
With the rate-cut narrative now in doubt, Bitcoin heads into the coming week carrying elevated macro uncertainty.
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