Bitcoin Left Out as Stocks, Bonds and Gold Party on Global Monetary EasingThe crypto might need more than some modest rate cuts to embark on a new bull run.
A global coordinated monetary ease campaign is underway
Most asset classes are on the rise as a result, but bitcoin remains under pressure
The crypto may need more than a handful of modest rate cuts before a new bull run can get started
The reaction in traditional markets has been as expected, with stocks, bonds and the price of gold all sharply higher as a coordinated developed market monetary easing campaign began to manifest itself.
Bitcoin (BTC), though, hasn't joined in the fun. Though putting in a nice rally on Friday, the price remains below $60,000 and roughly 20% below an all-time high above $73,500 set six months ago.
It's possible that a short, pedestrian series of rate cuts might do very little for bitcoin's price and only larger, emergency-style central bank measures will be enough to spark a new bull run.
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