đBlockchain industry news flash! Mitsubishi UFJ Financial Group's latest report pointed out that weaker US economic data may strengthen the market's expectations for the Federal Reserve to cut interest rates, indicating that the US dollar may fall next year. đ
Analyst Lee Hardman observed that Wednesday's ISM service industry report and ADP private employment data were both weaker than expected. He believes that these developments make them more confident that US inflation and growth will continue to slow, which will encourage the US interest rate market to digest more interest rate cuts from the Federal Reserve in the coming year. đĄ
And for us Bitcoin enthusiasts, this is undoubtedly good news! A weaker dollar may increase the appeal of Bitcoin as a safe-haven asset, driving its value up. đLet us look forward to Bitcoin's performance together! đ
