September Fed Rate Cut Odds Plunge to 43% — Is Bitcoin’s Next Bull Run on Shaky Ground or Ready to Explode?
In most cases, a looser interest rate policy always boosts risk assets like stocks and crypto, Matt Mena, crypto strategist at 21Shares, told AMBCrypto.
He added,
“For crypto, a Fed pivot could serve as a major tailwind. Looser financial conditions and rate cuts have historically fueled risk assets like Bitcoin, which has long acted as a sponge for excess liquidity.”
However, the Fed’s cautious stance could slow the ongoing bull run. But Mena noted that all conditions were set for a likely dovish pivot,
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