Nansen Chief Analyst: The crypto market has digested the impact of the Fed’s two potential rate cuts in 2024

avatar
ODAILY
05-31
This article is machine translated
Show original
Odaily Odaily News Nansen.ai Chief Research Analyst Aurelie Barthere said that the cryptocurrency market has digested the impact of two potential interest rate cuts by the Federal Reserve in 2024. He also pointed out that the longer it stays in this high-interest rate regime, the greater the downside risk. Slowing growth is not a good thing for cryptocurrencies. At the same time, we are strategically constructive on cryptocurrencies, but remain vigilant to signs of weak growth. (TheBlock)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments