According to 10x Research, a sharp rate cut by the Federal Reserve could signal concerns about the economy rather than reassurance, which would affect risky assets including bitcoin. Traders currently see less than a 30% chance of a 50 basis point rate cut next week.
According to 10x Research, if the Federal Reserve cuts interest rates by 50 basis points (bps) on September 18, the so-called bullish liquidity easing cycle could have a detrimental impact on risky assets, including cryptocurrencies. A 50 basis point rate cut next week could signal heightened economic concerns or lag behind in dealing with an impending economic slowdown, causing investors to scale back their exposure to risky assets such as bitcoin (BTC) and equities.
10X Research: Fed's 50 basis points cut could sound alarm bells for bitcoin
2024-09-09 11:28:42
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