đš Market Update: Bitcoin & Rate Hike Outlook đš
JPMorgan has adjusted its economic forecast, now anticipating no further rate cuts. The financial institution also projects a potential interest rate hike in 2027.
This updated outlook suggests a prolonged period of higher interest rates. Such conditions typically exert downward pressure on risk assets, including #Bitcoin.
A "higher for longer" rate environment can reduce investor appetite for speculative assets. These macroeconomic shifts could impact the broader cryptocurrency market. đ
