The digital currency market analyst says that the delay in interest rate cuts will cause the digital currency market to fall!
According to an analyst, the cryptocurrency market may experience a bearish correction in the near term as the US Federal Reserve's decisions to delay rate cuts are yet to materialize. Jag Conner, Head of Derivatives at Bitfinex, says the Fed's delay in cutting interest rates could lead to a bearish correction for Bitcoin along with other cryptocurrencies and financial markets. According to this analyst, if the market's expectations for a rate cut are still high and the next federal meeting leads to no interest rate cut, the digital currency market may decrease in the short term.
