Standard Chartered's forecasts for interest rate cuts in December 📉 What does this mean for Bitcoin (BTC) and others!
Standard Chartered has updated its forecasts, now expecting the Federal Reserve to cut interest rates by 25 basis points next December, a change from its previous expectations of no change. This move highlights growing concerns about slowing economic growth and indicates the Federal Reserve's intention to ease its monetary policy to support the economy.
What is the significance of this for cryptocurrencies? Lower interest rates often lead to increased liquidity and a greater appetite for risk, which could boost demand for digital assets like Bitcoin (BTC), Zcash (ZEC), and Dash (DASH). With the likelihood of lower borrowing costs, investors may look to alternative assets for higher returns, thereby supporting cryptocurrencies.
Timing is crucial; if the Federal Reserve takes this step, it could represent a turning point in 2025, alleviating concerns over inflation and tightening monetary policy.
Monitor the key levels for Bitcoin and alternative cryptocurrencies as this macro shift unfolds. A decline in interest rates may spark new momentum and attract new buyers seeking growth opportunities.
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