Successful Research Company: FED's Interest Rate Cut Will Bring a Fall in Bitcoin (BTC)!
Could FED interest rate cuts negatively affect crypto assets?
I recommend that you read this important news carefully to get an idea.
Analysts at 10x Research, a successful research company, have presented a forecast regarding the crypto market's reaction to the US Federal Reserve's (FED) interest rate cut. According to experts, the leading cryptocurrency Bitcoin (BTC) will not react upwards to this decision as expected in the community.
Experts noted that the possible 50 basis point (0.5%) decrease in the interest rate, which may be announced at the US Federal Reserve System (FRS) meeting on September 17, will have a negative impact on the price of Bitcoin and altcoins.
"Sudden interest rate cuts are a sign of economic anxiety, not confidence.
We think that a 50 basis point interest rate cut may indicate broader concerns.
We also expect the FED's focus to be on mitigating economic risks rather than managing market reactions."
According to experts, since there is no catalyst for Bitcoin to rise and the Fed is only focused on fighting inflation, bullish expectations in the sector may be in vain.
Also, 10x Research experts say that a one-time 50 basis point cut in interest rates could be an indication that the regulator is lagging behind in the fight against the impending economic crisis in the labor market.
Stay tuned for all the important developments and details.
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