10x Research on Fed Rate Cut: Potential Impact on Crypto
CryptoNewsTerminal Staff09 Sep, 2024
10x Research on Fed Rate Cut: Potential Impact on Crypto
10x Research: Fed Rate Cut Could Spark Recession Fears, Harm Crypto According to Coindesk and a note to clients by crypto market analytics firm 10x Research, a 50 basis point cut by the U.S. Federal Reserve this month could fuel recession anxieties and negatively impact risk assets, including cryptocurrencies. The firm believes that the Fed will prioritize mitigating economic risks rather than addressing market reactions. This stance could lead to market volatility and uncertainty for crypto investors. It's important for crypto enthusiasts to monitor the Fed's actions closely and assess the potential impact on their investments.
