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Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss Cointelegraph 18 Sep 2024

Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss 📉

Cryptocurrency Joe McCann Asymmetric Federal Reserve

If the Federal Reserve cuts interest rates by 50 basis points (bps), the cryptocurrency market could see a boost, according to Joe McCann, CEO of the crypto hedge fund Asymmetric.

McCann suggests that a smaller rate cut of just 25 bps could result in a decline in cryptocurrency prices, contrary to the impact of a larger cut.

Source: cointelegraph.com ↗

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