Fed interest rate decision: Will Bitcoin now rise to $200,000?
In this article you will learn:
- How institutional inflows into Bitcoin ETFs indicate a bullish trend despite a moderate market reaction
- What impact does the key interest rate cut have on the crypto market?
- Why leading asset managers continue to expect a BTC price target of $200,000
Fed Chairman Jerome Powell called the cut in the key interest rate in the US yesterday, Wednesday, a “risk management cut.” He emphasized that the monetary easing should not be seen as the beginning of a series of interest rate cuts. The initial reaction in the markets was correspondingly moderate. Why experts nevertheless see the Fed's interest rate decision as bullish for Bitcoin and the crypto market.
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