''Since the CPI data came out bullish, a rate cut now looks almost certain. I think this rate cut could help end the current downtrend in the crypto market. When the Fed cuts rates, it usually weakens the dollar and increases liquidity, which is positive for Bitcoin and altcoins. However, the recovery might not happen instantly — it could take some time before we see a strong upward move.”
Why are we connecting the crypto market so much with fed rate cut activities as if the cryptocurrency market depends on the US rate for it survival and even though rate cut may have so influence on the current market, it will still not be able to hold the market down for so long before we see price break out for the crypto market.
