10X Research: The Fed’s 50 basis point rate cut may boost risk assets such as Bitcoin

Odaily Odaily News According to 10x Research, the Federal Reserve's sharp rate cut may indicate concerns about the economy rather than comfort, which will affect risky assets including Bitcoin. Traders currently believe that there is less than a 30% chance of a 50 basis point rate cut next week. According to 10x Research, if the Federal Reserve cuts interest rates by 50 basis points (bps) on September 18, the so-called bullish liquidity easing cycle may have an adverse impact on risky assets including cryptocurrencies. A 50 basis point rate cut next week could mean increased economic concerns or falling behind in responding to the impending economic slowdown, causing investors to reduce their exposure to risky assets such as Bitcoin (BTC) and stocks. (Coindesk)