Fed News: Is Bitcoin’s $60K Surge at Risk After the Next Fed Move?

Quick Summary:

According to 10x Research, an aggressive 50 basis point (bps) rate cut might signal economic concerns, leading investors to reduce exposure to cryptocurrencies and stocks.

Historically, the start of a rate-cutting cycle doesn’t always boost asset prices, leaving investors cautious.

However, a 50 bps cut could lead to corrections in risk assets, as noted by macro trader Craig Shapiro.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Debashree Patra

Category: Crypto

Markets: United States

Topics: Fed News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 06:01:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22504673

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 11 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions