The hawkish tendencies became evident when the Fed raised its projections for future rates through the so-called dot plot.

A potential rate cut would mark the end of the strictest phase of the disinflation process but also indicate a shift toward a more forward-looking approach.

The morning after the U.S. presidential election, where Trump was declared the winner, Bitcoin had already increased in value by a staggering 25% since mid-October.

An election can create market uncertainty and currency fluctuations, especially if the outcome is uncertain or candidates have differing economic views.

The fourth Bitcoin halving since its launch in 2009 occurred a few weeks ago, on the 19th of April.