CandleFocus An Important Warning Came From the Analyst Who Correctly Predicted Bitcoin Will Reach $70,000! Here Are the Details
2024-09-10
Author: Content Editor
A report by 10X Research suggests that a possible 50 basis point rate cut by the US Federal Reserve could cause concern for risk assets, including Bitcoin. The Fed is expected to lower interest rates at its upcoming Federal Open Market Committee meeting, but a larger cut could signal economic risks and prompt investors to reassess their exposure to cryptocurrencies and stocks. While the Fed's primary focus is on reducing economic risks, a 50 basis point cut could indicate concerns about a potential economic slowdown. This news is supported by traditional market experts who believe that the Fed wants to avoid creating panic in the market.
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