Analysts: Bitcoin investors should focus on the Federal Reserve's forward guidance
2024-09-18 12:06:49
CEX.IO chief analyst Illia Otychenko said that while lower interest rates are usually good for risk assets like bitcoin, investors should focus on the Fed's forward guidance. Even if the Fed chooses to cut interest rates by 50 basis points, the market's reaction may depend on Fed Chair Jerome Powell's comments on future monetary policy actions. Without clear forward guidance, institutional investors may reduce their risk exposure, which could dampen bitcoin's bullish momentum. (Decrypt)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
