PANews reported on July 12 that according to CoinDesk, Markus Thielen, founder of 10x Research, said in a report: "If the Federal Reserve cuts interest rates in September 2024 simply because of inflation concerns, this may be a short-term positive for Bitcoin. However, if interest rates are cut due to economic growth concerns, whether in September or later, Bitcoin may face huge selling pressure."
In addition, Wells Fargo Investment Institute strategists said that the arrival of the Fed's rate cut cycle often coincides with a sharp drop in the stock market. Since 1974, the stock market has fallen by an average of about 20% within 250 days after the Fed's first rate cut; this means that cryptocurrency traders should be alert to signs of a weakening U.S. economy.
