US Rate Cuts and Easing to Inevitably Drive Crypto Recovery
CryptoNewsTerminal Staff05 Aug, 2024
US Rate Cuts and Easing to Inevitably Drive Crypto Recovery
US Rate Cuts and Easing to Spur Crypto Recovery Leading cryptocurrency outlet WuBlockchain predicts a crypto recovery driven by anticipated US interest rate cuts and liquidity easing. The outlet highlights the impact of the Bank of Japan's interest rate hike on global markets, emphasizing the dominant influence of the US dollar. Fed's Interest Rate Dilemma The Federal Reserve (Fed) is currently delaying interest rate cuts to support the stock market. However, WuBlockchain believes an interest rate cut is inevitable due to the current economic situation in the US. The Fed needs a justification for the cut, which may come in the form of a stock market crash. Patience and Optimism Advised WuBlockchain urges investors to remain patient and optimistic during market downturns. Excessive leverage should be avoided to mitigate the impact of deleveraging. The article emphasizes the importance of staying informed and avoiding panic during market volatility. ```
