The Federal Reserve is expected to implement three 25-basis point rate cuts in 2024, which has already led to a surge in Bitcoin’s price, reaching $65,000. However, the price remains volatile and analysts are warning of potential short-term corrections.
Despite these potential corrections, increased liquidity from the rate cuts is expected to boost risk assets, including cryptocurrencies like Bitcoin. This development leads to a cautiously optimistic outlook for the crypto market as central banks pivot in their monetary policies.
