Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Opinion: The expected Federal Reserve interest rate cut in May could benefit the cryptocurrency market

Opinion: The expected Federal Reserve interest rate cut in May could benefit the cryptocurrency market

2024/02/05 15:04
BTC-0.10%ETC+0.18%

ETC Group Research Director André Dragosch stated that according to the current price of federal funds futures, market participants expect the Federal Reserve to start a rate cut cycle in May. The possibility of the Fed starting to cut rates in March has already been absorbed by the market. Dragosch predicts that there may be a delayed response from the crypto market to interest rate cuts. Bitcoin and other cryptocurrencies might initially face sell-offs until conditions improve in May.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC surpasses $116,000
金色财经2025/09/13 20:17
Altcoin Season Index Rises to 71
金色财经2025/09/13 19:48

Trending news

More
1
A dormant address holding 30 ETH has been activated after 10.1 years of inactivity.
2
Ethereum Foundation establishes end-to-end privacy roadmap, covering private writing, reading, and proof

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,916.47
-0.15%
Ethereum
Ethereum
ETH
$4,658.67
-0.96%
XRP
XRP
XRP
$3.12
+0.24%
Tether USDt
Tether USDt
USDT
$1
-0.01%
Solana
Solana
SOL
$241.56
+0.01%
BNB
BNB
BNB
$931.22
+0.55%
USDC
USDC
USDC
$0.9998
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2880
+3.80%
Cardano
Cardano
ADA
$0.9278
+1.35%
TRON
TRON
TRX
$0.3497
-0.68%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter