Bitcoin Price Drops With Fed Rate Cuts On The Horizon: Calm Before The Storm?
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 […]
Related News
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 […]
We may see another interest rate cut this year, says Fed Governor Christopher Waller. The Fed made three rate cuts in 2024, the first being an aggressive 50 bp (basis point) cut in September, a 25 bp cut in November, and another 25 bp cut in December. However, Waller admits these cuts didn’t have the […]
Earlier this week, Fed Governor Christopher Waller said inflation is still too high, so more rate cuts may be necessary. While FedWatch sets the probability of the next rate cut happening on March 19 as just 2.5%, Trump’s tariff war could change the odds. For the crypto market, this means one thing–the bull run is […]
Jerome Powell, the Fed Chair, in his speech at Jackson Hole on August 22, hinted that the Fed might cut interest rates in September. Now, weak U.S. jobs market data has increased the chances of not one, but at least two rate cuts in 2025. For the first time since April 2021, there are more […]