Opinion: The Federal Reserve's slowdown in tapering or increase in liquidity is beneficial for risk assets such as cryptocurrencies
After the Federal Reserve announced a slowdown in tapering, Bitcoin rebounded from below $83,000 and briefly broke through $88,000. Shubh Varma, CEO of crypto research platform Hyblock Capital, pointed out that slowing down tapering or increasing liquidity is beneficial for risk assets such as cryptocurrencies. However, concerns about the uncertainty of Trump's tariff policy have been suppressing the stock market and cryptocurrencies. Some analysts believe that technically BTC may only be able to restart its upward trend after probing into $70,000. According to the Federal Reserve observation tool of the Chicago Mercantile Exchange, federal funds futures prices reflect an 89.1% possibility of at least two rate cuts by the Fed this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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