JUST IN: đșđž FED's Bostic signals he's open to a 50bps interest rate cut in November. đ
This potential rate cut could be a game-changer for the crypto market! đ Lower interest rates generally reduce the appeal of traditional investments like bonds, pushing more investors towards riskier assetsâsuch as cryptocurrencies. đ°
If the FED goes ahead with the cut, it could fuel increased liquidity in the market, leading to more capital flowing into Bitcoin and other digital assets. This could spark a bullish rally as investors seek better returns amidst a lower interest rate environment.
Will this be the spark that reignites the crypto bull run? đ Stay tuned!