Fed Rate Cut Expectations Surge: Positive Impact on Cryptocurrency
CryptoNewsTerminal Staff16 Sep, 2024
Fed Rate Cut Expectations Surge: Positive Impact on Cryptocurrency
In an interview with The Block, Bitwise Research Head André Dragosch stated that growing expectations of a US Federal Reserve rate cut could have a positive impact on the cryptocurrency market. He believes that a 50-basis-point rate cut by the Fed would be met with a favorable response from investors in digital assets. Furthermore, Dragosch emphasized that the anticipation of such a rate cut itself could have a significant influence on the market over the coming months, potentially greater than the actual implementation of the cut.
