CandleFocus

How Will the FED's Interest Rate Decision Affect Bitcoin (BTC) and Cryptocurrencies? Will It Bring a Rise? Economists Answered!

Author: Content Editor
The upcoming interest rate decision by the US Federal Reserve (FED) is causing uncertainty in the markets. While there is a general expectation of a 25 basis point discount, a 50 basis point discount is also being priced in at a high rate of 47%. Economists warn that if the FED only cuts by 25 basis points, there could be a sell-off in risky assets like Bitcoin. However, if a 50 basis point cut occurs, it could move the market. Risk assets, including Bitcoin, could face increased volatility in the months leading up to the US presidential election in November. Some analysts believe that a more aggressive rate cut could shock the markets and ring recession alarm bells. Former New York Fed President Bill Dudley has advocated for a 50 basis point cut.

Related News