Impact of Fed's Potential Interest Rate Cut on Bitcoin

11.06.2024 09:55 65 times read Reading time: 2 minutes 0 Comments

Crypto in the USA: What Happens to Bitcoin if the Fed Lowers Interest Rates

In an article by BTC-ECHO | Bitcoin & Blockchain since 2014, the potential impact of a possible interest rate cut by the Federal Reserve (Fed) on Bitcoin is discussed. While the European Central Bank (ECB) has already lowered its key interest rates, it remains unclear if and when the Fed will follow suit. James Butterfill from Coinshares expressed to BTC-ECHO his expectation of an interest rate cut by the Fed later in the year.

Bitcoin: Dip? Buying Opportunity!

According to a report by DER AKTIONÄR, the crypto market reacted sluggishly on Friday to stronger-than-expected U.S. labor market data. Bitcoin dipped below the $70,000 mark, which analysts consider a temporary weakness. The crypto trading firm QCP Capital sees this as a good buying opportunity and expects at least one interest rate cut by the Fed later this year.

The Best Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

DeFi Technologies Presents Monthly Corporate Update: Announcement of a Bitcoin Treasury Strategy

wallstreet:online reports on DeFi Technologies' decision to use Bitcoin as a primary reserve and purchase 110 Bitcoins. This reflects the company's confidence in protection against currency devaluation and the potential to expand their financial base. Additionally, Valour reported managed assets of 837 million C$ by the end of May 2024.

Opening Bell: Bitcoin, Gold, Mister Spex, AMD...

DER AKTIONÄR TV provides an overview of various individual topics for the trading day, including stocks like Tesla and Walmart as well as cryptocurrencies like Bitcoin and commodities such as gold.

Timing and Cycles in the Current Bitcoin Bullrun

BTC-ECHO | Bitcoin & Blockchain since 2014 analyzes the current phases of the crypto market and offers predictions on how long this bullish phase might last. It also discusses the factors that need to come together to drive this bull market further.

Snowden Supports Bitcoin After Technical Glitch at NYSE

ReadWrite reports that Edward Snowden has once again expressed his support for Bitcoin following technical issues at the New York Stock Exchange. These events have highlighted why decentralized systems can offer advantages, especially regarding security against system outages.

No Investment Advice According to the Securities Trading Act (WpHG)

The content on this website is solely for the information and entertainment of readers and does not constitute investment advice or a recommendation according to the Securities Trading Act (WpHG). The content on this website reflects only our subjective, personal opinion.

Readers are expressly encouraged to form their own opinions regarding the content of this website and to seek professional and independent advice before making any specific investment decisions.

We report on our experiences with the respective providers and receive commissions according to the partner conditions. Our test reports are based on real tests and are documented via screenshots. Proof can be requested at any time.

Your opinion on this article

Please enter a valid email address.
Please enter a comment.
No comments available

Article Summary

The article discusses the potential impact of a Federal Reserve interest rate cut on Bitcoin, with experts predicting such a move later this year and viewing current market dips as buying opportunities. Additionally, it covers DeFi Technologies' new Bitcoin treasury strategy, various financial updates including labor market data affecting crypto prices, and Edward Snowden's support for decentralized systems like Bitcoin following NYSE technical issues.

...
The best stock exchanges in comparison

We have compared the best crypto exchanges for you. Just take a look at our free crypto exchange provider comparison.

...
Already thought about the tax for your coins?

We have compared the leading crypto tax tool providers for you. Check out our free crypto tax tool provider comparison.

The Best Bitcoin Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.