• Bitcoin’s price is highly sensitive to fluctuations in the availability of US dollars across the world.
• The market’s recent performance indicates that participants are expecting the Federal Reserve to change its stance on monetary policy.
• If the Federal Reserve follows through with a policy move, some analysts believe it might sustain the current advance in Bitcoin and spark a secular bull market.

The cryptocurrency market has seen tremendous growth in the past few weeks, with the global crypto market moving over $1 trillion for the first time in what has been a while. Bitcoin, in particular, has seen a significant price surge, nearing $23,000 and inspiring hopes of a new all-time high among investors and traders.

These recent gains may be attributed to investors’ anticipation of the Federal Reserve’s upcoming monetary policy adjustments. The dollar’s status as the world’s reserve currency means that the price of Bitcoin is highly sensitive to fluctuations in the availability of US dollars across the world.

The market’s recent performance indicates that participants are expecting the Federal Reserve to change its stance on monetary policy. According to experts, this could have a major influence on the crypto market, especially on the price of Bitcoin. If the Federal Reserve follows through with a policy move, some analysts believe it might sustain the current advance in Bitcoin and spark a secular bull market.

However, it is important to note that Bitcoin and digital currencies are in a state of constant development, with substantial room for both volatility and growth. This means that it is impossible to predict with certainty what the exact impact of the Federal Reserve’s policy move will be. Nevertheless, it is undeniable that the cryptocurrency market is on the brink of a major change and it will be interesting to see what awaits in the future.