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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

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.

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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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