According to BlockBeats, on September 20, Standard Chartered Bank analyst Geoff Kendrick predicted that Bitcoin and digital assets will continue to rise after the Federal Reserve’s recent interest rate cut, which is more driven by favorable macroeconomic conditions.
Kendrick noted in an email Thursday that digital assets topped the charts in terms of performance for the first time following the FOMC meeting, and that this was the case despite Polymarket showing Harris with a 52/47 approval rating.
Kendrick insisted that the U.S. presidential election no longer has as much of an impact on Bitcoin prices as it did in the past. He said macro drivers are beginning to take over and monitors the difference between short-term and long-term U.S. Treasury yields as an indicator of market conditions that are favorable for digital assets.
