Bitcoin trades above $102,000 following the latest Fed rate decision, dipping 0.2%. Traders anticipate a resumption of rate cuts in June, potentially impacting risk assets like Bitcoin.
Bitcoin is currently trading above $102,000 on the Bitstamp exchange following the latest rate decision, dipping by a mere 0.2%. In December, Bitcoin experienced a significant correction after the Fed indicated that it would scale back easing the following year.
The Fed was widely predicted to implement a rate cut in January due to the relative stickiness of inflation. Traders now expect the Fed to resume cutting rates in June following the latest FOMC statement. This might not bode well for risk assets of the likes of Bitcoin. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today. AddUp Embraces 1 Million Users Accepting its Innovative Trading App to Learn Crypto Skills and Achieve New Milestones
BITCOIN FED RATE CUT RISK ASSETS TRADERS
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