Bitcoin and Rate Cuts: Is This Enough To Move Towards The Bullish RegimeAre the rate cuts going to cut it?All the signs are pointing to the Federal Reserve cutting rates this month. The starts are aligning for this move. Of course it is less than the market expected at the start of the year. And it is coming half a year later than the market was betting on. But it is coming nonetheless. What does this mean for Bitcoin? Bitcoin has been range bound for the past six months. Can these impending rate cuts serve as a catalyst of a breakout? The answer isn’t straightforward. So let’s talk about it. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 24,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Bitcoin and Rate Cuts: Is This Enough To Move Towards The Bullish RegimeThe TakeawayThe Federal Reserve is ready to cut rates. But, financial conditions are already relatively loose, limiting the potential impact of rate cuts. Bitcoin, currently in a neutral but bearish-leaning market regime, may not find these cuts sufficient to catalyze a bullish shift. With broader economic uncertainties and Bitcoin's current market dynamics, a cautious approach remains prudent for cryptocurrency investors, as the anticipated rate cuts alone are unlikely to prompt a quick turnaround to a bullish regime. Conditions Are Ripe For Rate Cuts...Unlock this post for free, courtesy of Ecoinometrics.A subscription gets you:
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Monday, September 2, 2024
Bitcoin and Rate Cuts: Is This Enough To Move Towards The Bullish Regime
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