Nansen Analyst: Crypto Markets Have Absorbed Two Potential Fed Rate Cuts in 2024
The cryptocurrency market has already digested the impact of two potential Fed rate cuts in 2024, and the longer it stays in this high interest rate regime, the greater the downside risk will be, says Aurelie Barthere, chief research analyst at Nansen.ai. Slower growth is not good for cryptocurrencies. In the meantime, be constructive on cryptocurrencies in terms of strategy, but remain wary of signs of weakening growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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