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Fed’s Potential Rate Cut Could Spark a Crypto Bull Run
As inflation in the U.S. hits the Federal Reserve's 2% target, many investors are anticipating a significant shift in monetary policy. During the upcoming FOMC meeting on September 18, 2024, the Fed is expected to reduce interest rates, which could have a profound impact on the crypto market. Traditionally, lower interest rates drive investments into alternative assets, including cryptocurrencies.
With inflation cooling and the labor market showing signs of stabilization, a rate cut might inject new capital into the crypto space. This could further fuel the current bullish sentiment, especially for major coins like Bitcoin and Ethereum, both of which have recently seen notable gains. If the Fed’s decision aligns with market expectations, we might witness a surge in crypto investments, potentially leading to new all-time highs.
Keep an eye on the FOMC decision—it could be a pivotal moment for crypto in 2024​ 5 replies
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