What Does The Fed's Interest Rate Cut Mean For Bitcoin? 50 Bps Cut Is The 'Sweet Spot,' Says Macro Analyst
Portfolio Pulse from Khyathi Dalal
The Federal Reserve's 50-basis point interest rate cut is seen as a positive move for risk assets like Bitcoin, with potential further cuts in 2024. Analyst Alex Krüger suggests a bullish outlook for Bitcoin, though its trajectory may be influenced by U.S. election results. The Fed's easing cycle, without a recession, historically boosts equities, but investors should watch economic indicators and political developments.
September 19, 2024 | 3:52 pm
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The Federal Reserve's 50-basis point interest rate cut is seen as a positive move for Bitcoin, with potential further cuts in 2024. Analyst Alex Krüger suggests a bullish outlook for Bitcoin, though its trajectory may be influenced by U.S. election results.
The Fed's interest rate cut is generally positive for risk assets like Bitcoin, as lower rates can lead to increased investment in such assets. Krüger's analysis suggests a bullish trend, but he notes the potential impact of U.S. election results on Bitcoin's trajectory.
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