đš Crypto News Flash! đš
The Fed's recent 50 bps rate cut to 5.00% p.a. has taken markets by surprise, and more cuts are on the horizon. With expectations of up to 200 bps in cuts by the end of 2025, the liquidity tide is turning. This could be bullish for Bitcoin and other crypto assets, especially as global money supply hits new highs.
Interestingly, Bitcoin's performance is now more influenced by monetary policy and the US dollar than global growth. Could this be the catalyst for Bitcoin to break out of its "chopsolidation" phase?
What are your thoughts on the Fed's moves and their impact on crypto? Drop a comment below! đŹ