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Opinion: The Fed’s expected interest rate cut this month has been digested by the market in advance and will have limited impact on the short-term price of cryptocurrency.
Editor
2024-12-16 14:03 6,382
Golden Finance reported that Luis Buenaventura, director of cryptocurrency at GCash, said that since this month’s Federal Reserve interest rate cut expectations have been digested by the market in advance, the direct impact of this policy adjustment on cryptocurrency prices will be limited. Historical data shows that when Bitcoin experiences a 50% increase within 60 days, there is about a two-thirds chance of achieving an additional 35% increase within the next two months. Neal Wen, global head of business development at Kronos Research, added that in a low interest rate environment, institutional investors tend to look to crypto assets as an alternative to traditional investments.
Keywords: Bitcoin
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