Arthur Hayes Predicts Crypto Crash from Fed Interest Rate Cuts

Quick Summary:

Crypto billionaire Arthur Hayes on Wednesday said Fed interest rate cuts will crash Bitcoin and the crypto market.

The US Federal Reserve is expected to cut rates between 25-50 bps, with markets expecting a 50 bps cut amid slowing inflation and the labor market.

The comments came at the major crypto event Token2049.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: IndiaJapan

Topics: 24/7 Cryptocurrency News Bitcoin News Arthur Hayes Ethereum Crypto Market Altcoin News Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 10:28:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22576537

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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