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TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin
The Fed yesterday signaled that far easier monetary policy is in store for 2024. Source link
Bitcoin (BTC) Price Halts at $41K Ahead of FOMC Rate Decision; DOT, ATOM, INJ Lead Crypto Gains
The largest crypto asset recovered to $42,000 earlier in the day from yesterday’s low of $40,200 before dipping to $40,600 in the U.S. afternoon hours. After paring some losses, BTC was changing hands at $41,300, slightly up 0.3% over the past 24 hours. Source link
Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters
The Fed’s benchmark interest-rate range is currently 5.25% to 5.5%. Source link
Bitcoin Price’s (BTC) Next Move Might Depend on Interest Rate Outlook
Economists are expecting Friday’s report to show a job gain of 185,000 in November, with the unemployment rate flat from October at 3.9%. A sizable miss to the downside is likely to reinforce bets about lower interest rates and might provide the fuel for bitcoin’s run to $50,000. The flip side, however – jobs added…