Reported 2 months ago
The Federal Reserve's decision to keep interest rates unchanged has led to expectations of a potential rate cut in September, which could positively influence cryptocurrency prices. Despite a drop in Bitcoin and Ethereum values following the announcement, experts like Travis Kling suggest that lower interest rates typically support the growth of digital assets. Historical trends show that decreasing rates often lead to increased investment in riskier assets, including cryptocurrencies. This period is further complicated by new Bitcoin and Ethereum ETFs and an approaching Bitcoin halving, creating a unique environment for crypto investors.
Source: YAHOO