Bitcoin (BTC) Price Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut

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Bitcoin (BTC) Price Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut

“The size of the rate cut matters because it could lead to different market reactions. While a 25 bps cut would likely boost markets, a 50 bps cut might signal recession concerns, potentially triggering a deeper correction in risk assets,” said Alice Liu, research lead at CoinMarketCap, in an email to CoinDesk. www.coindesk.com

“The size of the rate cut matters because it could lead to different market reactions. While a 25 bps cut would likely boost markets, a 50 bps cut might signal recession concerns, potentially triggering a deeper correction in risk assets,” said Alice Liu, research lead at CoinMarketCap, in an email to CoinDesk.

www.coindesk.com