Bitwise Analyst: Expectations of Further Fed Rate Cuts Increase, Net Positive for Crypto Assets

Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
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"Golden Finance reports that André Dragosch, Head of European Research at Bitwise, said: 'If the Fed cuts interest rates by 50 basis points, the crypto market's reaction could be positive, as this particular leading indicator has shown that potential economic momentum in September even accelerated. I believe the market will be more driven by interest rate cut expectations in the coming months rather than the actual rate cuts themselves. Due to a weakening US economy and an impending recession, expectations for further interest rate cuts could intensify, and we expect this to have a net positive impact on Bitcoin and crypto assets.'"

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