For months, cryptocurrency markets have been awaiting a definitive signal from the Federal Reserve.

They may have just gotten the opposite.

A more accommodating monetary policy may be the catalyst for the next upward swing in Bitcoin prices, according to increased confidence as seen in Bitcoin’s recent climb above $80,000.

But there are new obstacles in the way of that narrative’s completion: rising geopolitical threats and revived concerns about inflation may keep interest rates high, or perhaps push them higher.

The current uncertainty surrounding the Fed is likely to put pressure on the crypto market, as the anticipation for rate cuts diminishes and officials indicate that rates may remain elevated or potentially increase.

Beyond…