The recent pause in US interest rate hikes could potentially kickstart a Bitcoin rally in May. The article notes that historical charts indicate a pattern of Bitcoin price increases following interest rate pauses by the US Federal Reserve.

The pause in interest rate hikes could lead to a weakening of the US dollar, which could in turn drive up demand for Bitcoin and other digital assets as a hedge against inflation and currency devaluation. The article also notes that the current macroeconomic environment, which includes low interest rates, inflationary pressures, and rising geopolitical tensions, is generally favorable for Bitcoin and other digital assets.

The potential for a Bitcoin rally in May is not guaranteed, and that the cryptocurrency market remains highly volatile and unpredictable. Potential investors should carefully consider the risks before investing in any cryptocurrency or crypto-related project, and should seek the advice of a financial professional before making any investment decisions.

(by Ana Nicenko)