Arthur Hayes: Planned Fed Rate Cut Could Send Cryptocurrency Prices Down 📉

The US Federal Reserve 🇺🇸 is planning to cut rates on Wednesday, which could negatively impact cryptocurrency prices, according to @CryptoHayes , former CEO of BitMEX.

Hayes believes the rate cut could contribute to inflation and strengthen the Japanese fiat currency yen 🇯🇵

He is referring in particular to the Bank of Japan's interest rate hike in July, which coincided with a drop in #Bitcoin.