FalconX: Expected interest rate cuts will not have long-term impact on Bitcoin
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2024-12-19 14:32 8,637
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Golden Finance reported that David Lawant, head of research at major cryptocurrency broker FalconX, said that although interest rate cut predictions are currently affecting prices, they may not have a long-term impact because Bitcoin’s correlation with major stock indexes has declined. David Lawant further explained: “The expected slowdown in the pace of interest rate cuts in 2025 is not entirely surprising, but it has put some pressure on risk assets including cryptocurrencies. While macro factors have traditionally affected cryptocurrency price movements, Industry-specific factors are likely to dominate in the coming weeks and months, especially as markets anticipate policy changes from the incoming administration."