BTC to Rally in Coming Weeks on Trump Win, Fed Rate Cut
CryptoNewsTerminal Staff02 Aug, 2024
BTC to Rally in Coming Weeks on Trump Win, Fed Rate Cut
The cryptocurrency market could experience a bull run in the coming weeks due to expectations of a Donald Trump victory in the upcoming U.S. presidential election and a rate cut by the U.S. Federal Reserve in the fourth quarter, according to a report from crypto services provider Matrixport. Trump's recent appearance at a Nashville Bitcoin event and his stated crypto-friendly policies are likely to reduce regulatory uncertainty and encourage innovation in the cryptocurrency space. A Trump victory and a Fed rate cut would create a favorable environment for Bitcoin and other cryptocurrencies, leading to a potential rally in their prices.