Federal Reserve’s Potential Rate Cut in September May Boost Bitcoin: Analyst

So, if we do receive a 25 basis point rate cut in September, what implications does that have for the crypto markets? It is likely that we will see a rally in the crypto markets, with Bitcoin and other cryptocurrencies experiencing a smaller rally around that time. Typically, when there is more positive economic data, we tend to see an inverse reaction in the market. However, despite the slowing economy, Bitcoin and other cryptocurrencies continue to be popular among cryptocurrency enthusiasts. Therefore, it is expected that there will be a more positive response in the market compared to what we have seen in the past.

Source link

#Feds #Potential #Rate #Cut #September #Give #Bitcoin #Positive #Bump #Strategist