Why BlackRock CEO Larry Fink’s Prediction Cements Bitcoin, Crypto Market Rally?

Quick Summary:

BlackRock CEO Larry Fink has once again garnered significant market attention, anticipating another U.S.Fed rate cut ahead.

Speaking in a discussion on Tuesday, the asset manager CEO predicted another 0.25bps interest rate cut before this year ends.

Bitcoin saw gains worth nearly 18% since the last rate cut, gaining from a $60k level to the $71K level to date.

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Category: Crypto

Markets: India

Topics: Altcoin News Cryptocurrencies Crypto Rally Fed rate cuts 24/7 Cryptocurrency News Bitcoin News BlackRock Assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 13:40:12 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 23327519

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