Asia Color - 16 Oct 24
1/ #BTC remains resilient above the $65K mark as betting markets reflect increased odds of a Trump victory. His crypto-friendly policies could drive bullish trends in the market. Meanwhile, US equities are experiencing a downturn, largely due to… x.com/i/web/status/18464941901...
2/ Interestingly, this hasn't negatively impacted #BTC, which has surged past $67K, reaffirming a positive outlook as we head toward 2025. With central banks hinting at potential rate cuts, liquidity in the markets is expected to increase, setting the stage for a rally in risk… x.com/i/web/status/18464941931...
3/ The ECB is anticipated to cut rates by 25bps tomorrow, and the Fed is projected to implement two cuts this year, with more to follow in 2025.
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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.
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