Analyst: Bitcoin investors should focus on the Fed's forward guidance
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Odaily Odaily News CEX.IO Chief Analyst Illia Otychenko said that while lower interest rates are generally good for risky assets such as Bitcoin, investors should focus on the Fed's forward-looking guidance. Even if the Fed chooses to cut interest rates by 50 basis points, the market's reaction may depend on Fed Chairman Powell's comments on future monetary policy actions. Without clear forward-looking guidance, institutional investors may reduce their risk exposure, which may curb Bitcoin's bullish momentum. (Decrypt)
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