Investors expect the Fed to cut rates, but cryptocurrencies do not react. When rates are cut, demand for cryptocurrencies usually increases. But now, despite the slowdown in inflation in the United States, the cryptocurrency market is not showing positive dynamics.
- The Fed monitors the labor market, inflation and the dollar exchange rate to adjust its policies.
- Latest data indicates a slowdown in inflation in May.
- The success of the Fed strategy strengthens the dollar, which negatively affects cryptocurrencies.
- Perhaps cryptocurrencies will rise later in 2024.