What's Going On With Bitcoin Cash?
Portfolio Pulse from Henry Khederian
Bitcoin Cash (BCH) is trading lower ahead of the Federal Reserve's anticipated interest rate announcement. Despite expectations of a rate cut, strong economic data has cast doubt on the extent of monetary easing, impacting risk assets like cryptocurrencies.
September 18, 2024 | 3:07 pm
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Bitcoin Cash is experiencing a 2.3% decline as investors await the Federal Reserve's interest rate decision. Strong economic data has raised doubts about the extent of rate cuts, affecting risk assets like BCH.
Bitcoin Cash is directly affected by the Federal Reserve's interest rate policy. Strong economic data suggests less aggressive rate cuts, which could reduce the appeal of risk assets like BCH. This has led to a short-term price decline.
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