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FalconX: Interest rate cuts are not expected to have a long-term impact on Bitcoin

FalconX: Interest rate cuts are not expected to have a long-term impact on Bitcoin

Bitget2024/12/19 07:24
BTC-0.25%

On December 19, David Lawant, research director of major cryptocurrency broker FalconX, stated that although interest rate cut predictions are currently affecting prices, they may not have a long-term impact due to the decreased correlation between Bitcoin and major stock indices. David Lawant further explained: "The expected slowdown in the pace of interest rate cuts by 2025 is not entirely surprising but has put some pressure on risk assets including cryptocurrencies. While macro factors traditionally affect the price trend of cryptocurrencies, industry-specific factors may dominate in the coming weeks and months, especially when market anticipates policy changes from an incoming government."

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.
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