10X Research: The Federal Reserve's 50 basis point rate cut could potentially sound an alarm for Bitcoin
According to 10x Research, the Federal Reserve's significant interest rate cut may indicate economic concerns rather than reassurance, which could affect risk assets including Bitcoin. Traders currently believe there is less than a 30% chance of a 50 basis point cut next week. Based on data from 10x Research, if the Fed cuts rates by 50 basis points (bps) on September 18th, the so-called bullish liquidity easing cycle might negatively impact risk assets including cryptocurrencies. A potential rate cut of 50 basis points next week could signify heightened economic worries or lagging behind in addressing an impending economic slowdown, leading investors to reduce their exposure to risk assets such as Bitcoin (BTC) and stocks.
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.
You may also like
Data: Ethereum Spot ETF Saw Net Outflows of $240 Million Yesterday, the Third Highest on Record

Data: An insider spent $450,000 to purchase YZY at an average price of $0.24, paying a 129 SOL priority fee
YZY Spot Trading Now Available on Bitget
Trending news
MoreCrypto prices
More








