Analyst: Bitcoin Investors Should Focus on Fed's Forward Guidance

Article is form Jinse
September 18, 2024
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According to Golden Finance, CEX.IO Chief Analyst Illia Otychenko stated that while lower interest rates typically benefit risk assets like Bitcoin, investors should focus on the Fed's forward guidance. Even if the Fed decides to lower rates by 50 basis points, the market reaction may depend on Chairman Powell's comments regarding future monetary policy actions. Without clear forward guidance, institutional investors might reduce risk exposure, potentially dampening Bitcoin's bullish momentum. (Decrypt)

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