Best Crypto to Buy Before Fed’s Rate Cuts? Bitcoin Hyper Steps Forward
Quick Facts: ➡️ The market puts the odds of another rate cut at 87% as the next Fed meeting is set for December 10, one week from now. ➡️ Another rate cut could turn investors to risk-based assets like Bitcoin, which would result in a crypto pump across the board. ➡️ Bitcoin Hyper introduces a […]
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Quick Facts: 1️⃣ The latest FOMC published minutes indicate general support for more rate cuts. 2️⃣ The ‘dual mandate’ remains in play, forcing the Fed to balance lowering inflation and increasing employment 3️⃣ The Fed’s move sets up the best crypto to buy now to build on the market’s momentum, with the potential for two […]
Bitcoin (BTC) price declined by 2.7% in the past 24 hours as the US Federal Reserve (Fed) looks poised to initiate its widely anticipated rate-cut cycle this week. Why Did Bitcoin Decline Ahead Of Rate Cuts? Hovering around $60,000 throughout most of the weekend, BTC price experienced a slump of 2.7% ahead of the Fed’s […]
The US Federal Reserve cut the key interest rate by 0.25 points, with the change coming into effect at 2 PM ET. U.S. Federal Reserve Chair Jerome Powell gave a press conference on the same day, hinting the cut is a risk management move. He went on to say that ‘[…] a quarter point won’t make a huge difference to the economy,’ but that further cuts were inevitable. Bitcoin reacted with a slight dip to $116.2K, reflecting traders’ caution despite the cut going into effect. Overall, Bitcoin has been trading sideways, still trying to find support above $117K. With investors waiting....
In the weeks leading up to the Fed announcement scheduled for September 17, expectations in the crypto and broader finance community had shot up that the Fed would finally implement rate cuts. As a result, the target rate probabilities on the FedWatch Tool had seen a peak of 97.6% expectancy of a rate cut. With […]
Last week, Federal Reverse Chairman Jerome Powell set the crypto community on fire after speaking at the annual Jackson Hold economic symposium. During his speech, Powell had hinted toward possible rate cuts that could happen in the month of September, and since rate cuts have been historically bullish for risk assets, this quickly triggered a […]