Analyst: May rate cut expectations from the Federal Reserve could benefit the cryptocurrency market
On February 5th, according to a report by The Block, André Dragosch, Research Director at ETC Group, stated that based on the current pricing of federal funds futures, market participants expect the Federal Reserve to begin a rate-cutting cycle in May, and the market has already factored in the possibility of rate cuts starting in March. Dragosch predicts that the cryptocurrency market may have a delayed reaction to the rate cuts, with Bitcoin and other cryptocurrencies initially facing selling pressure until the situation improves in May.
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