CandleFocus Goldman Economist Eyes 0.25 Fed Cut: Will Bitcoin Catch The Wave?
2024-09-15
Author: Content Editor
Bitcoin has experienced a 6% decline over the past month, while the Nasdaq Composite and S&P 500 have seen gains. Some believe that Wall Street's bearish selling pressure on crypto prices, the outflows from Bitcoin ETFs, and investments in other stocks may be responsible for the decline. Others speculate that Bitcoin miners may be selling to cover rising electricity costs. The US benchmark interest rate has historically had an impact on Bitcoin's price, with low-rate macro environments correlating with significant gains for the cryptocurrency. The recent halving of Bitcoin also suggests the potential for future rallies.
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