Odaily Planet Daily News: A recent report by CoinShares stated that when the spot Bitcoin ETF was approved in the United States in January this year, the factor affecting the price of Bitcoin was no longer the interest rate narrative. As the flow of ETFs decreased, the price of Bitcoin re-aligned with the market's expectations of interest rates. The Federal Reserve faces a challenging dilemma. It needs to control persistent inflation while supporting the weak US economy. In the long run, this dilemma may be beneficial to Bitcoin. Given that the supply of Bitcoin is fixed, the price of Bitcoin will be supported when the Federal Reserve cuts interest rates. (Coinshares)