If Jerome Powell Signals Rate Cuts On Friday, What Does That Mean For Crypto?
Portfolio Pulse from Murtuza Merchant
Jerome Powell is expected to signal a shift towards easing monetary policy at the Jackson Hole Economic Symposium, with a 25 basis point rate cut anticipated in September. This has kept U.S. financial markets buoyant, but Bitcoin remains below its all-time high despite positive crypto developments.
August 22, 2024 | 5:58 pm
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NEUTRAL IMPACT
Bitcoin remains below its all-time high despite potential positive impacts from expected Fed rate cuts and favorable regulatory developments.
Despite the expected rate cuts which could boost risk assets like Bitcoin, it remains below its ATH. Positive regulatory news could help, but the market's response is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80